This summer has seen lower than average activity in the real estate market with Waldo County taking the largest hit, a drop of 23.16 percent from a year ago. Knox county is down 9.17% over last year and Hancock County down 8.66%. In fact, the only county in Maine that registered an increase was Lincoln County with a 17.65% increase in sales over last year. That market went through a correction last year and was poised for a resurgence.
We are currently seeing prices drop like fall apples on the massive housing inventory in the Mid-Coast region so Buyers should get ready to pick up their dream homes for a reasonable price.
There seems to be greater activity this week than we have seen all summer with buyers looking for a second home on the Maine coast and why not? When compared to oceanfront property in other parts of New England, the Mid-Coast region is still a great bargain!
So if you have always wanted that oceanfront cottage or camp on one of our beautiful lakes now's the time.
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