Market Intelligence Report — ME-860

Portland-South Portland, ME

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-ME-08
As of the latest 2026 data
Very Weak

Median Listing

$649K
-0.1% YoY

Pending Ratio

0.22
-5.1% YoY

Active Inventory

1,886
+11.7% YoY

Median DOM

45 Days
-13.5% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's very weak Portland-South Portland market?

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The Portland-South Portland, ME market is currently classified as Very Weak, with a pending ratio of 0.22 indicating demand absorption significantly lagging supply. This condition is underscored by an 11.7% year-over-year expansion in active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

2.5%+0.0 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

577,635+0.7% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Portland-South Portland market right now.

Active listings have expanded by 11.7% year-over-year, alongside a 5.7% increase in new listings, contributing to elevated overall supply. Concurrently, the pending ratio has seen a year-over-year decline of 5.1%, reflecting a decreasing share of active inventory moving to contract. Median listing prices have remained relatively stable, with minor month-over-month and year-over-year decreases of 0.5% and 0.1% respectively, suggesting limited pricing power. The median days on market has decreased by 13.5% over the past year, yet the price-reduced share has increased by 5.0% year-over-year to 24.2%.

Historical Analysis

Market Trends

Median Price

$649K-0.5% MoM

Active Inventory

1,886+11.7% YoY

Days on Market

45-13.5% YoY

Sold Score™

28-5.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

28
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.22, the absorption pace of available inventory is significantly slow, exerting considerable pressure on pricing. The substantial year-over-year increase in active listings suggests that prospective buyers face a broader selection, potentially allowing for greater price discipline. Sellers are likely to encounter extended marketing periods and increased necessity for price adjustments to attract demand.

Luxury Segment

Elevated average listing prices, nearly 44% higher than the median, coupled with a 0.7% year-over-year decline in average listing price and a 4.5% year-over-year decrease in median $/sqft, suggest softness at the higher price tiers.

Supply Dynamics

1,886 active listings represent the current floor, with new supply arriving at roughly 964 per month.

Pricing Pressure
24.2%

of active listings carry a price reduction, +5.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.5% year-over-year.

Absorption
0.22

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Portland-South Portland, ME? Homes here are taking 7 days less to sell than last year.

Buyers have leverage in Portland-South Portland, ME. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
22%
Median Days on Market
45 days
Inventory YoY
+12%

In a buyer's market, strategy beats timing. See how your home scores in Portland-South Portland, ME and what moves the number.

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Metro Demographics

Metro Area
Portland-South Portland, ME
CBSA Code
38860
State
ME

ZIPs in Portland-South Portland, ME

Sorted by active inventory · click a ZIP for its full report