For the month of September pricing continued to remain off 15%-20% from a year prior in the 4 counties followed: York and Cumberland in the southern Maine housing market and Sagadahoc and Lincoln in the mid coastal Maine real estate market. The month over month pricing ticked down slightly in 3 of the 4 counties followed. Days on Market increased from a year prior and the transaction volume appeard to level off a bit.
Sold Properties by County – Sep 08 (Sep 07) (% Change):
# Sold Avg. Price Avg. Days on Market
York 211 (214)(-1%) 265K (336K)(-21%) 132 (114) (4%)
Cumberland 276 (275)(0%) 269K (312K)(-14%) 102 (86) (11%)
Sagadahoc 27 (35)(-23%) 192K (203K)(-5%) 134(102) (106%)
Lincoln 34 (22)(55%) 275K (325K) (-15%) 172 (180) (8%)
Total Housing Inventories and Net Change by County:
10/15/08 9/16/08 Net Change
York 2987 3045 -58
Cumberland 3259 3334 -75
Sagadahoc 468 461 7
Lincoln 850 854 -4
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