Friends, happy summer!

Hope you are well and enjoying these lovely days. Shoot me a reply with what rsquo;s new with you and your family, what you rsquo;re excited about, and adventures you rsquo;ve been on this summer. I rsquo;ve met so many wonderful people over the years and enjoy keeping in touch! Here rsquo;s what rsquo;s new with me, [...]

Portland home market cooled in the first half of 2022 ahead of the June interest rate hikes

Portland, ME - The real estate sales statistics for Q2 and first half of 2022 reflect a continued cooling of the market with the impact of June interest rate hikes still to come. [...]

Portland`s single-family market continues upward price trend, while condos and multis lag in April

Portland, ME - Single family sales continue to lead the way in a strong Portland real estate market. In comparison to the recording breaking spring of 2021, statistics for April 2022 show continued price increases for single family [...]

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
• [...]