Tuesday, September 11, 2012

August 2012 - Real Estate Market Update


This market report gives you the real estate activity for the Greater Portland, Maine area. We sold a lot more properties last month but once again inventory is still creeping down.  Buyers are still active but we will see that slow down as we get deeper into fall and winter. 

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

Number of Current Listings = 1180 (down from last month)

Number of New Listings Added = 227 (down from last month)

Number of Properties That Went Under Contract = 201 (down from last month)

Number of Sold Properties = 230 (up from last month)

Number of Expired Listings = 93 (up from last month)

Average Sold Price = $276,571 (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.

Thanks,

Doug
doug@makemaineyourhome.com 






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