Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
Buyers Sellers Stats Maine Blog Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Relocation Services
Featured Listings
Home Finance & Mortgage
Retirement in Maine
Real Estate Investing
Featured Properties
Enter a keyword to search the site

Features & Services
Your Home's Value
My Home's Value:
Receive a Report of  Your Home's Value 
New ConstructionGreen Homes: 
Guidelines, Builders, Green Homes
Your Homes ValueMarket Insights:
Current Home Sales Reports & Statistics 
Sold PropertiesSold Data:
View All Recent Home Sales History
Left-MarketingHome Marketing:
Maximum Exposure© Home Marketing 
...Manage Your Account
Existing Users:
Login with your email address only
Existing UsersNew Users: 
Simple signup to view   all Maine properties.
Contact Us
Contact Us:  
Call or email us with your questions.
Newsletter Signup

Portland Maine Real Estate

Home Sales & Market Values

Portland is the largest housing market in Maine and accounted for 20% of all single family and condominium sales in Cumberland County in 2010.  This is consistent with sales results in 2009 at 22%.

2010 Portland Real Estate Sales & Prices


# of

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
 Homes 400 $219,450 $249,887  5076 95.0  26.5
 Condo 239 $193,196 $219,057  65108  91.1  27.3
 Multi 82 $282,500 $290,891   5495 94.3  27.1
 Land 17 $60,000$63,968  52166  66.7 12.5

Sales results are complied from the Maine Real Estate Information System (MREIS). 

Unlike many other parts of the country, single family home sales in Portland did not drop dramatically in 2010.  Unit sales of 400 were down 13 or 3.1%.  Pricing, however, remained steady and showed signs of recovery as median pricing improved marginally .7%.

Condo sales demonstrated a significant recovery in 2010 as 239 units were sold.  This represented a 15.4% increase.  Median prices were also up as the median selling price ended the year at $196,196, representing a 4.4% increase.

Days on Market (DOM) was encouraging, as properly priced and marketed homes did sell.  The median figure was 50 days, compared to 46 in 2009.  The the average DOM was 76 in 2009 compared with 80 in 2009.

2010 vs 2009 Sales Comparison


Median Selling Prices
2009    |    2010 
 Unit Sales
2009  |  2010

% Chg

% Chg
 Homes $218,000 $219,450  413400 0.7 (3.1)
 Condo $185,000$193,196  207 239 4.4 15.4
 Multi  $295,000 $282,500   93 82 (4.2)  (11.8)
 Land $60,000$60,000  13 17  0.0  0.0

Sales results are complied from the Maine Real Estate Information System (MREIS).

Sales of multi-family homes are a large part of the Portland market, but were a slightly down compared to  were up compared to 2008, with 92 sales being completed. Median sales prices were also up 5.0%, representing an upswing of this market.

Land sales were up at 17 parcels were sold.

2011 Portland YTD Sales- Through September 30


Median Prices YTD
2011       |       2010 
 Unit Sales YTD
2011  |  2010 


% Chg
 Homes $220,500$220,000  283322 249 (27.2)
 Condo $215,000$196,300 145197 123 22.3
 Multi $274,900$287,900 81
 67 43.9
 Land $69,500$68,000 8
 40 4.0

Sales results are complied from the Maine Real Estate Information System and are updated monthly.  YTD statistics include the most recently completed month.

There is considerable single family home inventory available.  The current number of homes for sale - 285 - resutls in over 44 weeks of inventory.  This is measured by a statistic known as the absorbtion rate, which compares current inventory to recent sales rates. 

Like most statistics, it is not an exact science, but rather is indicative of market trends and inventory levels.  It provides a useful insight into the overall status of the local real estate market.

Southern Maine Real Estate Resources

Maine Quality of Life Our Quality of Life Reports include detailed neighborhood and town statistics on local demographics, the environment, cost of living, wealth distribution, finance and income and crime. You can also access Educational information highlighted by town, school district and individual schools.
Tour of Maine Maine is a large and beautiful state. Our report, A Quick Tour of Maine includes a brief summary of Maine from its most northern and remote parts all the way to Southern Maine, the business and residential hub of the state. Reprinted with permission from Downeast Magazine, you can also download a copy.
Maine Home Sales Reports Home Market Sales & Statistics are available for YTD 2009, 2008, 2007, 2006 and beyond . If you do not see results from the particular town or city you are interested in, we can prepare any custom report you might need.

Relocation to Portland & Southern Maine

Request A Relocation Package Today!If you are considering a move to Portland or the Southern Maine area, be sure to take advantage of our online Relocation Services, a comprehensive guide to interactive relocation tools.

Our services include access to local market information, neighborhood and school comparisons and a wealth of proven home buying advice.

If you are interested in receiving automatic email alerts of properties that match your predetermined buying requirements, you might want to consider our Market Watch feature. This is a great way to stay current with the market whether you are buying now or in the future.

Buying Your Home Heart and Mind Buyer Agency
Exclusive Services Agency Relationships Title Insurance
Home Buying Process Advice and Strategy
Affect of the Economy Determining A Price First Time Buyers Viewing Homes Second Homes Home Search Strategy Waterfront Real Estate
Common Forms
Selling Your Home Your Home's Value Home Marketing
Digital Photography High Definition Video Property Storyboard Virtual Staging Internet Marketing
Pricing Factors Advice and Strategy
Counteroffers Establishing a Price Listing Agreements Feng Shui Principles Considering Repairs Value of Improvement Choosing A Realtor Common Mistakes
Home Selling Process
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties Virtual Home Buying Hyper Local Search
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Freeport Harpswell
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Open House
Local Lifestyle Videos
Home Valuation
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands Waterfront - FAQ's
Relocation Services Relocation Package Maine Counties Quality of Life Education and Schools Art and Culture Property Tax Rates Common Relocation FAQs Moving Long Distance
Mortgage Center Mortgage Types Credit Scoring Fee & Closing Costs Mortgage FAQs
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value