The following are first quarter numbers for the Portland single family housing market.
The number of current homes on the market are down by 8.35% to 614 homes. The number of sales are down by 33% to 58 sales. The median sales price has risen by 7.29% to $220,916. The absorption rate has risen by 37% to 55 months of available inventory.
Analysis: sluggish winter market indicating a slow start to the year, values holding despite decreased sales volume.
Portland Maine First Quarter Market Report
The following are first quarter numbers for the Portland single family housing market.
The number of current homes on the market are down by 8.35% to 614 homes. The number of sales are down by 33% to 58 sales. The median sales price has risen by 7.29% to $220,916. The absorption rate has risen by 37% to 55 months of available inventory.
Analysis: sluggish winter market indicating a slow start to the year, values holding despite decreased sales volume.
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