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 [...]

May saw another big jump in Portland rsquo;s single-family prices, more balance in the market could be on the way, and a look back at May 2020 reveals pandemic rsquo;s toll

Portland, ME ndash; After a drop from 452,000 in March to 404,500 in April, the median sales price for Portland single-family homes increased to 479,250 in May. In [...]

Owner Tom Landry and several Benchmark clients were recently interviewed for three different segments on WGME News 13. All were focused on the current housing market and the struggles faced by buyers, sellers, and renters across the State. As evidenced in our regular statistics (see past blog posts), home prices have been rising rapidly [...]

April saw a continued increase in home sales prices, close to 20K jump over March, even real estate agents surprised

Portland, ME ndash; Fueled by an increase in demand, much from out-of-state buyers, Portland rsquo;s residential real estate market remained strong in April. Portland rsquo;s overall median sales price increased from 514,500 in March to 533,250 in April. [...]