In the year of 2008, the South Portland Maine real estate markets saw 265 residential transactions transpire at an average price of 226K and a median price of 199K. This represents a volume drop of 23% from numbers seen in 2007 when 344 transactions occured at an average price of 245K and a median price of 215K.
Thus home values for the year 2008 declined by 8% relative to 2007 valu
es.
How long have homes been sitting on the market in South Portland? 81 days in 2008 compared with 73 in '07 and 74 in '05.
To obtain more charts and greater southern Maine real estate analysis please reach out to me via phone at 207-650-5383, email at john@greentreemaine.com or by visiting my site www.mymaineproperty.com
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