Greater Portland Maine Housing Market Update

Spring is well on its way and thankfully it seems home buyers in Portland Maine have decided to come back with a vengeance.  The regional housing market is quite stable, but a harder than normal winter coupled with the traditionally slow Winter season resulted in pretty low transaction volume for the 1st quarter 2011.  The entire region taken as a whole was down about 12% whilst Portland itself was off almost 25%.  Thankfully however, prices continue to stabilize with the median price for a condo or home in Portland Maine for sale clocking in at 206K in the 1st quarter. Despite this slow 1st quarter.. most signs point to a very strong Spring season here in Maine.
Thanks for reading,

John Herrigel
Green Tree Realty

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