Housing Update for Condos in Portland ME September 2011

Through the month of August 2011, the market for condos in Portland Maine saw a 1% decrease in average price compared to August of 2010. This left the average price of Portland condos at 191K. A total of 12 condo sales were made, which was a 29% decrease from the previous month. As a whole, stable volume and some lower pricing year over year reflect increasing value in the greater Portland area as buyers continued to purchase over the summer months.

This housing update has been compiled by John Herrigel, a local Maine real estate broker with the Herrigel Group – real estate in southern Maine. For more information on all Portland ME condo listings and condos in specific neighborhoods including Downtown Portland condos for sale contact John by phone at 207-650-5383 or via email johnherrigel@gmail.com