For the year ending 2009 the Cumberland County Maine real estate markets saw only 2590 transactions transpire at an average sales price of 269K which is down about 2% in pricing compared to 2008’s average sold price of 275K. Volume was significantly less however down 15% from 2008. Inventories remain low and as prices have for the most part stabilized look for improving conditions in the first half of 2010.
For more information on southern Maine real estate please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com
Housing data taken from the Maine Association of Realtors, thank you!
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