The most recent Regional Multiple Listing Service housing report shows a marked increase in competing housing and a moderation in home prices.
A ‘normal’ housing inventory ranges between 3 and 6 months, where neither homebuyers or homesellers dominate. This latest uptick to 3.3 months in housing supply now places greater Portland in a more typical real estate dynamic.
Home prices averaged an increase of 5.2% overall, with variations depending on the specific area surveyed. Read the entire latest housing report with details on your neighborhood or town by clicking here, or on the image above.
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