This market report gives you the real estate activity for the Greater Portland, Maine area. Very interesting month in October. I have been saying inventory is down and it is again in October. Sales went up so you can see there is still demand in the market place. Once again lets hope this continues through the winter.
The following Multiple Listing Service (MLS) information is for the month of October 2012. Towns included in this report are Portland, South Portland, Cape Elizabeth, Scarborough, Westbrook, Falmouth, Windham and Cumberland.
Number of Current Listings = 1011 (down from last month)
Number of New Listings Added = 158 (down from last month)
Number of Properties That Went Under Contract = 161 (down from last month)
Number of Sold Properties = 207 (up from last month)
Number of Expired Listings = 131 (up from last month)
Average Sold Price = $287,591 (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.