Active
listings
jumped
33%
year-over-year
to
974
homes
while
40%
of
sellers
cut
prices,
yet
Portland’s
$639,900
median
maintains
a
50.6%
premium
over
the
$425,000
state
median,
signaling
persistent
buyer
demand
for

Maine’s
largest
metro
even
as
negotiating
power
shifts.

The
Portland–South
Portland–Biddeford
metro
recorded
118
absorbed
properties
during
the
week
ending
Dec.
5,
2025,
down
4%
from
123
a
year
earlier.
New
listings
totaled
44
homes
for
the
week,
contributing
to
a
months
of
supply
measure
of
2.0,
which
keeps
the
market
in
seller-favorable
territory
despite
the
inventory
buildup.

Inventory
builds
while
absorption
holds
steady

Portland’s
active
single-family
inventory
reached
974
homes,
marking
a
33%
increase
from
731
properties
in
December
2024.
The
surge
hasn’t
dampened
market
velocity,
with
homes
taking
a
median
70
days
to
sell,
still
14
days
faster
than
the
national
median
of
84
days
and
seven
days
quicker
than
Maine’s
statewide
figure
of
77
days.

Weekly
absorption
of
118
homes
demonstrates
ongoing
demand
even
as
buyers
gain
more
options.
The
2.0
months
of
supply
remains
well
below
the
3.0
national
average,
maintaining
seller-favorable
conditions
throughout
the
metro.
Meanwhile,
6%
of
active
listings
represent
relisted
properties,
indicating
most
sellers
find
success
without
needing
to
reset
their
marketing
approach.

Price
adjustments
reveal
market
segmentation

While
Portland’s
$639,900
median
list
price
dipped
1.6%
from
$650,000
year-over-year,
the
metro
commands
substantial
premiums
across
key
metrics.
At
$356
per
square
foot,
Portland
properties
cost
40%
more
than
Maine’s
$255
average
and
70%
above
the
$210
national
figure.

The
40%
share
of
listings
with
price
reductions
points
to
seller
recalibration
rather
than
broad
weakness.
Only
1.4%
of
properties
increased
prices
during
the
week,
suggesting
most
sellers
recognize
the
need
to
meet
shifting
buyer
expectations.
This
adjustment
phase
hasn’t
eroded
Portland’s
position
as
Maine’s
premium
market.

What
to
watch

Track
the
33%
inventory
growth
rate
to
gauge
whether
supply
continues
expanding
into
2026.
Monitor
the
40%
price-cut
percentage
as
a
barometer
for
seller
flexibility.
Use
the
70-day
median
days
on
market
to
advise
clients
on
realistic
selling
timelines.
Watch
whether
the
$639,900
median
holds
its
51%
premium
over
state
levels
as
more
inventory
enters
the
market.

Leverage
Portland’s
2.0
months
of
supply
when
counseling
buyers
about
competition
levels.
Share
the
118
weekly
absorption
figure
to
demonstrate
ongoing
demand
despite
increased
choices.
Advise
sellers
to
price
competitively
given
that
40%
of
their
competition
has
already
reduced
asking
prices.

HousingWire
used
HW
Data
to
source
this
story.
To
see
what’s
happening
in
your
own
local
market,

generate
housing
market
reports.
For
enterprise
clients
looking
to
license
the
same
market
data
at
a
larger
scale,
visit

HW
Data.