Tuesday, April 3, 2012

March 2012 - Real Estate Market Update

This market report gives you the real estate activity for the Greater Portland, Maine area. If you are an investor, first time home buyer, looking to upgrade or downsize now is the time to act. Many experts are saying this is one of the best times in history to buy a home.

If you are looking to sell your home it is also time to act.  When buyers flood the market demand will go up and in result your home will sell.

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

Number of Current Listings = 1012 (up from last month)

Number of New Listings Added = 245 (up from last month)

Number of Properties That Went Under Contract = 168 (up from last month)

Number of Sold Properties = 150 (up from last month)

Number of Expired Listings = 53 (up from last month)

Average Sold Price = $276,387 (down 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.



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