This market report gives you the real estate activity for the Greater Portland, Maine area. Inventory is still a big problem and prices are starting to jump because of that. The market seems to be turning toward a sellers market. If you are thinking of buying a home this is the year to do it.
The following Multiple Listing Service (MLS) information is for the month of February 2013. Towns included in this report are Portland, South Portland, Cape Elizabeth, Scarborough, Westbrook, Falmouth, Windham and Cumberland.
Number of Current Listings = 988 (down from last month)
Number of New Listings Added = 147 (down from last month)
Number of Properties That Went Under Contract = 188 (up from last month)
Number of Sold Properties = 128 (down from last month)
Number of Expired Listings = 73 (down from last month)
Average Sold Price = $270,241 (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.