At Portside's Annual Mid-Year Refresh meeting we joined together to take a look back at the first half of the year and strategized on best practices to better serve our clients as we enter the second half of an interesting year in real estate!
Portside at a Glance
June was Portside’s best month! Shoutout to our hard working agents! Portside currently holds 10% of the market share in Cumberland County, that means that one and ten houses sold are by Portsiders.
In fact, 28% of all Portside listings are sold by a Portisder. Our agents are not only knowledgeable, but have a network within the company that can help you sell your home or find your forever home.
Million Dollar Year!
Million dollar home? Not a problem for a Portsider! With 37 sales over $1 Million out of 350, Portside holds 10% of the Market. With a 107% list to sell ratio on homes over a million, our listings are only lasting an average of 6 days on the market. What does that mean for you? It means you can trust Portside with your luxury properties and trust that a Portsider will accurately price your home when it hits the market. It also means that when you list with Portside you can trust we are marketing your home effectively so it's seen by the right buyer.
What Lies Ahead?
It’s hard to know what the rest of the year will look like, but based on what we have been seeing in the real estate market here are our predictions:
Start to see the return of a seasonality of the market again
Traditionally the market in New England follows a seasonal bell curve, where it slows down during the colder months and ramps up in the warmer months. Currently we are just seeing hot hot hot! We expect that seasonality will start to return to the market again.
Prices starting to level
We will start to see prices leveling out. This doesn’t mean prices will drop. It means that we will see less dramatic increases in average prices in the market.
Looking to work with someone who is an industry expert, reach out to one of our agents today!