Marabeth Gildersleeve's Central Ct Blog

Market Report for Portland for Aug. and Sept.

Market Report for Portland for Aug. and Sept. 2007 and the 1^st 3 Quarters

Aug. and Sept. 2007                         Aug. and Sept.2006

Active Listings:  54

New Listings:  23

Deposits:  37

Closed:  12                                         Closed:  19

Avg. Sale Price:  $256,779                 Avg.Sale Price:  $266,394

Avg. Days on Market:  75                   Avg. Days on Market:  55

Comparing August and September 2007 to the same time period in 2006, sales are
down by 37% and prices are down by 3.6%.  Homes are staying on the market an average of 20 days longer.

Jan 1^st to Sept. 30^th 2007                   Jan.1^st to Sept.30^th, 2006

Closed:  72                                         Closed:  71

Avg. Sale Price:  $270,652                  Avg. Sale Price:  $290,864

Avg. Days on Market:  62                    Avg.  Days on Market:  72

Comparing first 3 quarters of 2007 to the same time in 2006, number of closings are
almost the same, prices are down 7.9% and overall homes sold faster this year than last.  Although sales were down in August and September, looking at the first 3 quarters, number of sales remained unchanged.

Published Friday, October 12, 2007 6:54 AM by Marabeth Gildersleeve