The month of August saw 28 residential properties sell at a median price point of 198K in South Portland Maine. This represents a 15% volume increase from the 18 that sold in August 2009 and an increase of 16% in prices. Both the days on market and inventory levels in August held relatively steady in South Portland as well. Overall the market fared much better in August than Portland which saw a 2% decrease in volume in the month of August.
For more information on southern Maine real estate please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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