Real Estate Prices Continue to Rise This Summer
Sep 04, 2017 in Market News
So it's been a while since our last entry...just TOO many lobster bakes & boating expeditions were to be had! :)
But now it is time to get back to work & regardless of fun under the sun the real estate markets in Maine continue to remain quite strong.
For the month ending July 2017 the residential housing markets of both Greater Portland (Cumberland County) & Southern Maine (York County) posted significant pricing gains.
The single family market still remains hindered by extremely low inventory reflected by the almost 6% and 10% median pricing rises. The condo markets, however, is faring a bit better with the many new construction complexes coming online and helping to satisfy the seemingly unquenchable thirst for condos in Maine.
Disclaimer: “Based on information from the Maine Real Estate Information System, Inc. for the period (7/1/16 through 7/30/17 ). Provided by an individual user of MREIS. MREIS has not reviewed the contents and does not make any representations, warranties or guarantees regarding the accuracy, timeliness or completeness of any statistical information and data provided.” Rev 8.06
Portside Real Estate Group
330 Forest Ave, Portland, ME 04101
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