There are just 9 houses for sale in Portland right now

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Dava Davin’s eyebrows raised when she looked at home listings in the Portland area on Thursday.

There were only nine single-family homes for sale in Portland and five in South Portland, the founder of Portside Real Estate Group told a real estate conference.

“And if you like Yarmouth, well, guess what?” Davin said. “There’s zero homes for sale right now.”

That inventory shortage is a large part of what has driven up real estate prices in southern Maine and throughout the state over the past couple years. The median sales price of a home in Maine rose to almost $300,000 last year, a 21-year high, according to data released by the Maine Association of Realtors on Thursday.

The number of homes sold statewide rose about 2 percent for the year compared to 2020, but in December sales dipped by 12.6 percent, indicating that finding a home is getting more difficult.

This year is off to a rough start in terms of inventory. Listings in southern Maine, which includes Cumberland and York counties, were down more than 15 percent in early January.



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