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Real Estate Market Update for South Portland, Maine - October 2010

By
Real Estate Agent with The Herrigel-Kennedy Group - Portside Real Estate

There were 15 sale transactions in the month of October 2010 in the South Portland Maine Real Estate Market. South Portland Maine Homes for sale this past month had a median price point of 180K with each home sitting an average of 19 days on the market prior to selling. This median of 19 days shows a 46% decrease from this past September and a 34% decrease from October 2009. The greater Portland Maine Real Estate market had a very successful month in October 2010, South Portland Maine alone had more sales then Cape Elizabeth, Falmouth and Freeport put together for this past month. The median price point of October represents that  South Portland Maine Real Estate Market is showing signs of stabilizing. The median sales price for South Portland Maine was down a small 3% from September of this year.

For more info on South Portland Maine Homes for Sale please contact John Herrigel at 207-650-5383 or via email at john@greentreemaine.com