Portland-Lewiston-South Portland, ME

There is no doubt that the Portland-Lewiston-South Portland, ME CSA is in the midst of a housing market boom. Home prices have been on the rise for the past few years, and there is no sign of them slowing down anytime soon. The combination of low interest rates and a strong economy has made this one of the most desirable places to live in the country.

The median home price in the CSA is currently $247,000, which is a 7.4% increase from last year. The average price per square foot has also increased, now sitting at $144. This trend is being driven by strong demand from both buyers and renters. The vacancy rate for rental properties in the CSA is only 2%, which indicates that there are more people looking for places to live than there are available units.

Investors are taking notice of these trends and are starting to pour money into the CSA’s real estate market. They are buying up properties, both residential and commercial, and flipping them or renting them out at a higher price. This is only driving prices up further, as there is more competition for limited inventory.

If you are thinking about buying a property in the Portland-Lewiston-South Portland, ME CSA, now is a good time to do so. Prices are expected to continue to rise as demand remains high. However, be prepared to pay more than you would have just a few years ago – this market shows no signs of slowing down anytime soon!