Thursday, June 9, 2011

Portland Maine June 2011 Housing Update for Condos

A total of 21 condos were sold in Portland Maine during the month of May 2011. With 31 condos selling in Portland in May 2010, sales have decreased by 32% since last year. However, by month, the sales volume has increased dramatically, as only 10 condos were sold in Portland in April of this year! This indicates that last year’s first time home buyer’s tax credit may have artificially boosted sales, and these have returned to a more realistic pattern. With 161 condos for sale for the month of June inventory is up from 155 a month earlier. Average price remains stable at about 215K.

Activities like community gardening can provide an enjoyable way to get to know your neighbors and enjoy Portland’s common green spaces. With so much to offer, a condo can be a great housing option in Portland Maine, close to amenities and conveniences with many opportunities for community involvement.

For more information on Portland ME condos please reach out directly. My name is John Herrigel and I am a local Maine broker with the Herrigel Group and can be reached at 207-650-5383 or via email at

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