Monthly Home Sales Report for Portland and Southern Maine provided by Maine Home Connection
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Monthly Maine Real Estate Update

Selected Communities: October2017 YTD

While national numbers are not year available for October, sales of single family homes in Maine were 6.8% higher in October of this year compared to the same month of 2016 - representing the third consecutive month of improved sales performance.  Following a somewhat weaker first half of the year, the real estate market has rebounded and at this point YTD sales in 2017 lag behind the record level of 2016 by less than a half of a percent. 

Sales in Cumberland County, following two months of improvement, declined slightly in October, as sales of 377 properties represented a decrease of 1.3% from prior year.  Cumberland County appears to be a bit of an exception, as York County experienced an increase in October 2017 vs 2016 of 8.9%.

Along these same lines, in contrast to the statewide results, year over year sales in Cumberland County are down nearly 5 and a half percent – with virtually every community we track behind last year.  Many people we talk to find this surprising – especially given all the local development, most notably in the city of Portland.

Condo sales in Portland are up considerably this year, reflecting an increase of 14%.  Not surprisingly higher price units are up substantially.  Condos valued at $500,000 have increased from 21 sales in 2016 to 53 in 2017.  The median selling price of these units is at $630,000.

The Maine median selling price declined slightly in October from September – but still is considerably ahead of prior year – continuing a yearlong trend.

Download Reports:

  Download Monthly Infographic - Cumberland County Overview
  Download Selected Towns - Southern Maine YTD Sales by Town

Year-to- Date -  Maine – and Cumberland and York Counties, are all significantly ahead of 2016.  Again, like sales volume, there is great consistency among all the towns in the greater Portland area, with most communities reflecting double-digit growth over last year.  

It is important to note, however, in any given month the mix of homes sold has a great impact on the median selling price – and YTD comparisons provide a more realistic of actual market strength. 

On our website,, we update sales results each month – and reports are available for download.  Additionally, you can also search for sold properties for the last three years … which can be very helpful if you are thinking of selling soon – or better yet give us a call and we can discuss the market in more detail and how it could impact your decision.

Until next time. I’m LJS…I invite you to image more

Thinking of Buying or Selling?

If you are considering selling in the near future, now is clearly the time to put you home on the market – and of course, we are the company to call......…..

As Ben Franklin once said: Well done is better than well said.   Until next time…..Imagine More!

October Home Sales 2017


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