South Portland Maine First Quarter Market Report

Real Estate Agent
The following are first quarter numbers for the South Portland single family housing market. The number of current homes on the market are down by 27% to 218 homes.  The number of sales are down by 17% to 37 sales.  The median sales price has risen by 2.9% to $199,400.  The absorption rate has fallen by 6.8% to 33 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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