
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.
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