The greater Portland ME real estate markets for the summer 2009 season posted fair results. Spurred along by the First time home buyer credit, a total of 186 homes traded hands in June/July/August 2009 compared with 230 for the same period 20008. This represents a surprising drop of about 20%. The median Portland Maine home sold for 203K after sitting on the market for about 46 days. This compares with a median price of 222K in 2008 after sitting on the market for about 37 days, thus a pricing drop of about 8%.
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