Portland Maine Real Estate | Recent Home Sales and Pricing Reports
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Portland Maine Market Report

Home Sales Statistics & Results -  Monthly Update

Portland, Maine’s largest market for both single family homes and condos, saw an increase in single family sales after two years of consecutive declines. Condos still maintained a downward trend, but 2019 saw it capped by just one condo sale. 

The median selling price of $329,000 represented an increase of just 3.9%, much smaller than the 10.4% increase in 2018. This number represents the highest price ever recorded in Portland. 2019 was also the ninth consecutive year of increasing median selling prices.

The charts below include up-to-date 2020 monthly sales and a review of the complete years 2019 and 2018 for all types of properties.  


2020 Sales: YTD Results Through August


Median Prices YTD
2020      |       2019
 Unit Sales YTD
2020  |  2019

% of
List Price

 Homes $350,000$330,000 307
397 100.03%
 Condos $340,000
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 


2019 Portland Real Estate Sales & Prices


# of

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
 $/Sq Foot
 Homes 596 $329,000$396,418 9
27 99.8 $211
 Condos 387 $320,000$388,635 2161
 99.7 $353
 Multi 126 $511,500$552,116 11
31 98.0 $177
 Land 24 $106,400$129,088 33127 85.8 NA

Following last years all time high of 395 condo units sold, sales marginally declined 2.8% down to 387. The median pricing however, increased by 11%.

In many ways new construction, often at a high price-point, is creating a new market dynamic, especially as more units are completed.


2018 Portland Real Estate Sales & Prices


# of

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
 $/Sq Foot
 Homes 526 $316,250$362,976 828 97.4 $199
 Condos 387
 $330,000$379,331 1348
 98.5 $333
 Multi 143 $527,500$570,379 930 96.1 $177
 Land 23
 $115,000$199,261 39121 92.0 NA

Statewide Results:

For the fourth consecutive year, Maine home sales set a new record in 2018 as 17,983 single family homes were sold, representing an increase of 1.0% over 2017 when total volume was 17,810

The YTD (Year-to-Date) median single-family price of $215,000 represented a 7.5% increase over 2017.  Overall, pricing was up in 13 of Maine’s 16 counties, and remained consistent in two. The highest single month was May at $244,839, followed by April and then March.

Each month of 2018 was higher than 2017. Between 2007 and 2011 median prices declined each year, reaching their lowest level in 2011 at $165,000.  From 2012 onward, pricing has increased ever year, with one exception - 2014.

Portland Sales History
 2017   528  $286,500
2016629 $262,000
2013528 $232,950
2008406 $227,000
2007490 $245,000

Active vs Pending Listings

Portland-Listing 2009

Months of Inventory


Portland-Inventory 2019

2019 Report
Download Market Repot

Download 2019 Market Report



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