Anyone who isn t aware of the up up up price trend in Maine residential real estate over the past year is living in a (probabably very expensive) cave. And, in Portland, that s a trend on steroids.
The median price of a single-family home in Portland jumped from $460,000 in February to $514,500 in March, according to the monthly stats put out by
Benchmark Real Estate. Those listing a home can expect it to spend a zippy six days on the market.
Multifamily Portland prices had a similar hike from February, with the median price of $667,500 is up from $612,500. Multifamilies spend about eight days on the market. The state median is $268,500.