Portland Condos Real Estate Market October 2010 Update

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

October 2010 may not have been the ideal month for the  Portland ME condo real estate market.  8 condo transactions took place at an average sales price of 165K.  This low number does not stack up well against the Portland Maine Home sales. Over three times the amount of condos; Portland saw 26 homes sell in October 2010. The numbers also show that homes are going quicker then condos, current Portland Condos for sale have a 117 median of days on the market while Portland homes had a median of 65. Could these numbers reflect a need to offer Portland Maine Condo buyers more options? This question is being discussed with the town of Portland right now. To view an article on this subject please visit the Portland Press Herald.

For more info on the local Portland Maine condo real estate markets please contact John Herrigel at 207-650-5383 or via email at john@greentreemaine.com

 

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John Herrigel

Portland, ME - Real Estate
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