Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

Updated: November 6, 2025

Broker report: Portland residential real estate inventory rises, days on market increase

A brick house has a wrought-iron fence in front. Photo / Courtesy Benchmark Real Estate October’s top single-family sale in Portland was 112 Vaughan St., a 6,499-square-foot home with eight bedrooms. It sold for $3.8 million.
By Laurie Schreiber

Portland’s housing market is shifting as inventory rises and homes stay on the market longer across single-family homes, condominiums, and multifamily properties.

The change comes after several years of record-setting activity, according to a report from Benchmark Real Estate, which based its findings on data from Maine Listings.

“The shift is undeniable,” said Tom Landry, Benchmark’s owner and broker. “Properties are lingering longer, and inventory is up — that gives buyers more choices and negotiating power than they’ve had since before the pandemic.”

October comparisons

Single-family 

  • Median sale price: $617,500, down from $650,000 in September 2025; up from $610,000 in October 2024
  • Closed sales: 46, up from 35 in September 2025; down from 51 in October 2024
  • Median days on market: 7, down from 11 in September 2025
  • Active inventory: 71, down from 73 in October 2024, up from 56 in September 2025
  • Top mainland sale: 112 Vaughan St., 8 bedrooms, 6.5 baths, 6,499 square feet, $3.8 million

“The single-family segment remains active, but pricing and demand have leveled off,” said Landry. 

Condominiums

  • Median sale price: $599,500, up from $580,000 in October 2024; up from $590,000 in September 2025
  • Closed sales: 38, up from 34 in October 2024; up from 26 in September 2025
  • Median days on market: 17, down from 21 in October 2024; up from 11 in September 2025
  • Active inventory: 96, down from 100 in October 2024; down from 98 in September 2025
  • Top sale: 28 Monument Square, No. 1, 2 bedrooms, 2 baths, 3,460 square feet,  $2.1 million

“The condo market is showing stability in pricing with strong sales activity, but inventory is tightening sharply,” said Landry. 

A view looking upward at the exterior of a building.
Photo / Courtesy Benchmark Real Estate
October’s top condo sale in Portland was Unit 1 at 28 Monument Square, 3,460 square feet with two bedrooms, for $2.115 million.

Multifamily 

  • Median sale price: $850,000, down from $915,000 in October 2024
  • Closed sales: 16, up from 8 in October 2024; up from 10 in September 2025
  • Median days on market: 12, up from 10 in September 2025
  • Active inventory: 42, up from 36 in September 2025
  • Top 2-4-unit sale: 23-25 Waterville St., two 2-bedroom units, 3,337 square feet, $1.7 million

Investors appear to be looking for long-term opportunities in the multifamily market. Landry said: “But even here, we’re seeing more inventory and more negotiable sellers.”

A house has green siding and a diamond-shaped window.
Photo / Courtesy Benchmark Real Estate
October’s top 2-4-unit sale in Portland was 23-25 Waterville St., with two 2-bedroom units, for $1.72 million.

Outlook

Landry said he considers the shift, with “classic indicators of a softening market,” to be a “reset” to a traditionally seasonal market cycle — unlike the pandemic years, when the market was busy year-round.

“What we’re seeing is a return to normalcy and opportunity on both sides of the transaction.”

Sign up for Enews

Mainebiz web partners

Most Recent

Most Recent

Related Content

Thumbnail Broker: Portland condo building cut energy costs by 90%
Thumbnail Older sellers are fueling a boom in second-home market, says broker
Thumbnail Portland inventory of single-family homes for sale spikes in May
Housing crunch: With a need for 84,000 housing units by 2030, Maine chips away at the challenge

0 Comments

Order a PDF