... statistics for Portland for the month of January offer convincing evidence that real estate values may not be holding as steady as they were just months ago. A mere 15 single-family homes sold in January—exactly half as many homes that sold in January 2007 (December’s volume was also off 50% from the prior year). What’s more is that January’s median sales price ($222,500) for a single-family home fell by eight percent from December and almost 10% compared to a year earlier.- Coast Properties
The Portland condominium market—for a change— is faring slightly better than its single-family counterpart. Twenty-five condos sold in January, up from 21 in December and an increase of almost nine percent compared to January 2007. Condo values also held better. The median sales price ($203,690) was almost identical to December’s and down just three percent from last year.
via Maine Housing Crash Blog