The Greater Portland Maine real estate market has finally thawed from the long winter. For the year to date at the end of April, the Greater Portland markets report 618 single family home sales. This is down by 12.5 percent for the same period last year. This activity is not surprising given the severity of the 2011 winter, combined with the expiration of the government incentives of 2010. 
The values for single family homes have risen by a modest 2.6 percent to a median sales price of $219,525 for the same time period for 2010.
Link for detailed Maine sold values.
Where is the market heading? Based on current trends, the number of current listings are off by 7.5%. The number of contracts are also down by 7.7% for the same period. Link to view current Greater Portland Maine homes for sale. Showing activity has been gradually increasing with the largest increase occurring in March and mid-April. The current trends are supporting forecasts for continued modest improvements looking ahead to the rest of 2011.
For a detailed analysis of the value of your home, contact Derrick Buckspan at 207-956-0295.
