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
Maine Mortgage Broker and Direct Lender 