Market Intelligence Report — ME-860

Portland-South Portland, ME

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

Ref. No: 2026-ME-09
As of the latest 2026 data
Very Weak

Median Listing

$625K
-2.5% YoY

Pending Ratio

0.19
-6.6% YoY

Active Inventory

2,027
+18.0% YoY

Median DOM

47 Days
-11.8% YoY

Primary Intelligence Tool — Sold Score™

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

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Portland-South Portland, ME.

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The Portland-South Portland metro area exhibits very weak demand absorption, with a pending ratio of 0.19. This indicates a substantial imbalance where demand is severely lagging available inventory, contributing to downward pressure on pricing.

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

2.7%+0.1 pp YoY

Unemployment rate · Sep 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 seen significant expansion over the past year, increasing by 18.0% year-over-year, alongside an 8.5% rise in new listings. Concurrently, the pending ratio declined by 6.6% year-over-year, reflecting weakening demand relative to the expanding supply. Median listing prices have experienced declines both month-over-month (-3.7%) and year-over-year (-2.5%), suggesting a broad price recalibration.

Historical Analysis

Market Trends

Median Price

$625K-3.7% MoM

Active Inventory

2,027+18.0% YoY

Days on Market

47-11.8% YoY

Sold Score™

27-6.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

27
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

Current market dynamics are characterized by prolonged absorption periods and reduced buyer urgency. The substantial expansion in inventory places considerable pressure on sellers regarding pricing and negotiation flexibility. Disciplined pricing strategies are essential to attract demand, given the extended timelines for market absorption.

Luxury Segment

The average listing price of $908,800 is notably higher than the median listing price of $625,000, creating a spread that often indicates a larger proportion of higher-priced inventory. However, average listing prices declined by 1.1% year-over-year, and median $/sqft decreased by 4.0% year-over-year, suggesting some price softening even within the higher tiers.

Supply Dynamics

2,027 active listings represent the current floor, with new supply arriving at roughly 1,024 per month.

Pricing Pressure
23.4%

of active listings carry a price reduction, +2.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.0% year-over-year.

Absorption
0.19

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Portland-South Portland, ME? Homes here are taking 6 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
19%
Median Days on Market
47 days
Inventory YoY
+18%

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