Friday, June 7, 2013

May 2013 - Real Estate Market Update


This market report gives you the real estate activity for the Greater Portland, Maine area.  Everything went up last month except expired listings. Sold and pending went way up.  In my eyes the market is now officially a sellers market.  Houses are selling very quickly and often getting more than asking.

The following Multiple Listing Service (MLS) information is for the month of May 2013. Towns included in this report are Portland, South Portland, Cape Elizabeth, Scarborough, Westbrook, Falmouth, Windham and Cumberland.
Number of Current Listings = 1239 (up from last month)

Number of New Listings Added = 348 (up from last month)

Number of Properties That Went Under Contract = 352 (up from last month)

Number of Sold Properties = 304 (up from last month)

Number of Expired Listings = 80 (down from last month)

Average Sold Price = $292,456 (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,



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