The residential real estate market for Portland ME houses saw 115 transactions during the 3rd quarter of 2011, compared to the 95 sales for the 3rd quarter of 2010. This represents a sales increase of 21% - about the same as the greater Portland area as a whole with a 20% gain in transaction volume. The median sales price was up 3% compared with last year at this time, with a median price of 222K. With list to sales ratio coming in around 97% and stable pricing, a condo will sell in Portland priced at fair market value.
Interested in some spooky fall fun in Portland, check out the (Not Too) Scary Stories kids theater workshop at the Portland Stage Company.
This Maine housing update was compiled by John Herrigel, a local ME real estate broker with the Herrigel Group. For more info on Portland ME homes for sale in neighborhoods like the Munjoy Hill area in Portland contact John directly at 207-650-5383 or via email at email@example.com