Tuesday, February 7, 2012

January 2012 - Real Estate Market Update

This market report gives you the real estate activity for the Greater Portland, Maine area. If you plan to sell a home this year I would encourage you to get a good feeling for what it is worth. Furthermore, I can't think of a better time for a buyer to purchase a home! Real estate in Cumberland County is now an excellent investment, prices are superb, selection is great, and the rates are still outstanding.

The following Multiple Listing Service (MLS) information is for the month of January 2012. Towns included in this report are Portland, South Portland, Cape Elizabeth, Scarborough, Westbrook, Falmouth, Windham and Cumberland.

Number of Current Listings = 1247

Number of New Listings Added = 203

Number of Properties That Went Under Contract = 140

Number of Sold Properties = 128

Number of Expired Listings = 59

Average Sold Price = $249,128

If you would like to see information for another town send me an email and I will give you a customized report.



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