The following are first quarter numbers for the Portland Condo housing market.
The number of current condo's on the market are down by 28.6% to 402 properties. The number of sales are down by 18.9% to 43 sales. The median sales price has risen by 13% to $218,666. The absorption rate has fallen by 7.6% to 48 months of available inventory.
Analysis: positive increase in values despite large decreases in available inventory and decrease in sales volume.
Greater Portland Maine real estate market reports by town.
The following are first quarter numbers for the Portland Condo housing market.
The number of current condo's on the market are down by 28.6% to 402 properties. The number of sales are down by 18.9% to 43 sales. The median sales price has risen by 13% to $218,666. The absorption rate has fallen by 7.6% to 48 months of available inventory.
Analysis: positive increase in values despite large decreases in available inventory and decrease in sales volume.
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