Freeport Maine Real Estate Update - October 2010

By
Real Estate Agent with The Herrigel-Kennedy Group - Portside Real Estate

 

Homes for Sale in Freeport Maine had a slow mont this past October. Freeport currently has an inventory of 86 homes. Out of this inventory only 3 home sales took place last month. This reflects a 67% decrease in transactions from October 2009 and a 40% decrease from just last month in September.  The average sales price for these Southern Maine homes in Freeport, Maine was 275K. This price represents an 11% decline from 2009 and a 24% decline from September 2010.  With these large changes in the numbers it does not seem that the Maine Coastal Real Estate market is going to stabilize anytime soon. To put more emphasis on this assumption one can look at the average Days on the Market for real estate in Freeport Maine. This past month this number was 139, a 148% increase from the Median days on the market of October 2009. 

For more info on the local southern Maine real estate markets please contact John Herrigel at 207-650-5383 or via email atjohn@greentreemaine.com

 

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Rainmaker
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Robert Hammerstein
Keller Williams Valley Realty - Hillsdale, NJ
Bergen County NJ Real Estate

John - Thanks for sharing that update.. I am always looking at Maines progress and watching the market up there as I love Maine and would love to retire their someday.. Best of luck with the market.

Nov 16, 2010 07:08 AM #1
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Rainmaker
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John Herrigel

Portland, ME - Real Estate
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