Wednesday, June 6, 2012

May 2012 - Real Estate Market Update

This market report gives you the real estate activity for the Greater Portland, Maine area.  Sales, prices and inventory are up from last month.  There is a lot of activity so if you are considering a move this data may help you make that decision.

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

Number of Current Listings = 1478 (up from last month)

Number of New Listings Added = 296 (down from last month)

Number of Properties That Went Under Contract = 266 (down from last month)

Number of Sold Properties = 246 (up from last month)

Number of Expired Listings = 100 (up from last month)

Average Sold Price = $276,846 (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.



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