Tuesday, March 6, 2012

February 2012 - Real Estate Market Update


This market report gives you the real estate activity for the Greater Portland, Maine area. Inventory is still high so sellers need to make sure their homes are better than the competition.  Buyers are still in a great place but this won't last forever.  If you are thinking of buying now is the time.

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

Number of Current Listings = 949 (down from last month)

Number of New Listings Added = 167 (down from last month)

Number of Properties That Went Under Contract = 164 (up from last month)

Number of Sold Properties = 98 (down from last month)

Number of Expired Listings = 40 (down from last month)

Average Sold Price = $295,723 (up from last month)

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

Thanks,

Doug
doug@makemaineyourhome.com

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