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The residential real estate market in Portland is steady but showing signs of shifts in the single-family, condo and multifamily sectors, according to a Q2 2025 market report from RE/MAX Shoreline, based on information from the Maine Real Estate Information System Inc.
The numbers below compare Q2 2025 with Q2 2024.
The single-family home market is seeing slow but steady growth.
“Single-family homes in Portland remain one of the most resilient sectors,” said Derrick Buckspan, RE/MAX Shoreline’s designated broker and owner. “The small uptick in days on market tells us buyers are becoming a bit more methodical, but strong sales growth and increasing inventory point to healthy activity overall.”
The condo sector is seeing a market correction in progress, according to the report.
“The Portland condo market is seeing the sharpest adjustment,” said Buckspan. “Price declines and longer time on the market reflect changing buyer priorities — likely influenced by interest rates and a shift toward properties with more space or income potential.”
Multifamily properties are seeing a rebound in investor interest, the report says.
“Multifamily properties are back on investor radar,” said Buckspan. “Even with fewer listings, we’re seeing a big jump in sales volume. Cash buyers and out-of-state investors are still looking for reliable returns, and Portland’s rental market continues to deliver.”
Statewide, inventory is on the rise, according to the report.
“The surge in new listings across the state shows us that sellers are re-entering the market,” Buckspan said.
Buckspan said he anticipates continued inventory growth and increased competition between sellers as autumn approaches.
“We’re in a transitional phase, but not a downtown,” he said.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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