Portland’s residential real estate market is entering a new phase, with rising inventory and longer days on market across single-family homes, condos, and multifamily properties. A new report from Benchmark Real Estate, based on data from Maine Listings, shows clear signs of a shift after several years of unusually fast-paced activity.
According to Benchmark owner and broker Tom Landry, the market is moving back toward more typical seasonal patterns, giving buyers increased options and greater room to negotiate. Single-family pricing has leveled, condo inventory is tightening even as sales remain strong, and multifamily activity reflects renewed interest from long-term investors.
These “classic indicators of a softening market,” Landry explains, point to a reset rather than a downturn, and potentially new opportunities for both buyers and sellers.
Read the full Mainebiz article:
Broker report: Portland residential real estate inventory rises, days on market increase
