Through the month of October housing inventory in Portland Maine dropped. During the previous month there were 394 homes for sale, and 49 sold. In October only 377 homes were available, 58 sales. Sales are both up monthly, and are up 71% compared to the October 2010 levels. With a median price of 220K, Portland Maine markets have seen slow but steady appreciation of home values. It is an excellent time to purchase an investment property, or find a home in one of Portland’s growing neighborhoods such as the East End Munjoy Hill neighborhood.
This housing update has been brought to you by the Herrigel Group, specializing in greater Portland ME real estate. To learn more about homes in Portland Maine check out the Herrigel Group website www.mymaineproperty.com. Call John Herrigel at (207)650-5383 or email at email@example.com for assistance with your Portland Maine home search.