Realty Times - Portland, Maine Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Maine > Portland
South Portland

Market Conditions Summary for Portland, Maine

Reported by

Marc Chadbourne
as of 1/1/2012:

Recent sales and listing inventory figures have been positive for most of 2011. These figures however slight are indications of a stabilization of our local real estate... MORE->
About Marc Chadbourne

Reported by

Portland Real Esate Broker John Herrigel
as of 11/18/2011:

The Portland Maine residential housing market continues to stabilize and see improving overall conditions with perhaps some price appreciation being seen. Housing volume was down in the first quarter 2011 with 166 homes and condos selling compared... MORE->
About Portland Real Esate Broker John Herrigel

Reported by
Peter Mason
as of 12/22/2011:

The market continues to stabilize with very good market activity but prices remain unchanged. Sales volume is up nearly 10% over November of 2010. Buyers shopping in the price range $200,000 and below need to be ready act quickly when they find the... MORE->

Reported by
Richard Murphy
as of 3/1/2011:

Prices seem to have stabilized and buyers are actively looking for property. Short sales and foreclosures are strongly influencing the investor market. Many first-time home buyers are in the market again. Mortgage rates are still low but with strict... MORE->

Reported by
Peter Mason
as of 1/20/2011:

Single family home prices in Southern Maine have gained some stability over the last quarter in 2010 and the beginning of 2011. Interest rates at all-time lows have helped our market activity. In Maine, the winter months can be slow but we've been... MORE->

Reported by
John Herrigel
as of 3/1/2010:

Overall the Portland Maine residential housing market posted strong 2009 results with the median home price clocking in at 209K compared with 219K in 2008, a drop of approximately 5%. Total transaction volume was off about 9% in 2009, but the 2nd... MORE->

Average Current Market Rating: 2.2 (6 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 3 (6 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Maine > Portland
South Portland

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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