Flat prices and increased volume were seen once again in the mid coastal and southern Maine regions. The Maine real estate markets continue to chug along as transaction volume was once again up in August 2009 in 3 out of the 4 counties followed, York, Cumberland and Sagadahoc where it was up a whopping 43% whilst York and Cumberland had 3-4% gaines.
Median prices continue to remain down about 10% relative to a year prior, but month over month pricing is not decreasing and has not done so since the begining of the year.
Going forward I expect to continue to see increased volume as 1st time home buyers work to take advantage of the expiring tax credit.
View the whole Maine real estate report here.
Thanks for reading,
John Herrigel
Maine Buyers Agent
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