Quarter 1 2022 Real Estate Stats - Portland, Maine

Market Update from Tom Landry

Recent Sales

Portland, ME ndash; March residential real estate statistics for Portland show a tight market with low inventory and a slight rise in prices over March 2021. First quarter 2022 over 2021 shows a similar drop in inventory with a slight [...]

Encouraging multifamily and denser construction, creating building incentives and simplifying permitting are among the ways to make room for dwellings of all types and prices.

Portland Home prices up over February 2021, but sales and listings dropped
Bidding wars return as Portland inventory declines

Portland, ME ndash; After tapering off in the later part of 2021, Portland rsquo;s residential real estate prices crept up in the early part of 2022. ldquo;It doesn rsquo;t feel like buyer demand has materially [...]

the highlights

• 2021 shattered all records.
• The seller rsquo;s market of 2020 continued and accelerated in 2021.
• Single-family homes saw the largest increase in sales price, especially those in less urban areas.
• Demand and prices for luxury, urban condos soared, setting all time price records.
• Portland rsquo;s rent control ordinance seemed to impact larger multi-unit buildings, while 2-4 unit buildings continued to sell well and for high
• [...]

Portland, ME ndash; Developer Tom Landry, owner of Benchmark Real Estate and CornerStone Building amp; Restoration as well as general contractor Great Falls Construction, recently held a groundbreaking ceremony to introduce Solaris, a carbon-conscious, seven-unit condominium project on Portland rsquo;s popular East End.

Portland real estate prices leveled off in 2021, relief for buyers as typical market returns Q3 over Q2 stats show stabilizing prices and increase in days on market.

Portland, ME ndash; 2021 third quarter statistics show a more balanced and typical summer market. While the median price of Portland real estate is up 27% over the third [...]

All real estate prices are up, but Portland condos are smashing past records threefold increase in sales over 1 million and first ever 3 million plus sales.

Portland, ME ndash; August sales statistics for the month of August show mostly more of the same. Higher prices and fewer listings than this time last year, as well as signs of the [...]

Portland rsquo;s residential real estate remained hot in July with signs of a slow in growth to come

Portland rsquo;s residential real estate remained hot in July with signs of a slow in growth to come

August 24, 2021

Portland, ME ndash; Portland July real estate sales show a market holding steady. While the past few months have brought an increase in listings, the number of sales and the median days on market haven rsquo;t materially changed. [...]

June 2021 Real Estate Stats - Portland, ME

The statistics below were prepared by Benchmark Real Estate using data from Maine Listings.

Highest amp; Lowest Sales of June 2021

Over 22,000 Portland property owners received notification of a change in their property rsquo;s valuation and taxes. As a result, many are shocked, frustrated, fearful, and/or ill-informed. After fielding countless emails and calls from Portland residents, we decided to host informational sessions to [...]