Falmouth Maine, October 2010 Real Estate Market Update

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

 The residential Real Estate market in Falmouth, ME saw 6 residential home sales in October 2010.  This is a 70% decrease from October 2009 transactions and a 57% decrease from only one month early in September 2010. The median days on the market for Falmouth, Maine Homes for Sale was 111; a large 79% increase from just one year ago and a 42% increase from this past September. The median price point in October may be a reason for these less then ideal numbers. Falmouth Maine Real Estate Market had an average sales price of 391K, a 40% increase from last year and a 19% increase from the month of September. These numbers are a clear sign that the greater Portland Maine Real Estate Market should not start raising their prices until the market has stabilized.


For more information and to request detailed Real Estate listings for Falmouth Maine please contact John Herrigel with Green Tree Realty at johnherrigel@gmail.com or at MyMaineProperty.com.

 

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John Herrigel

Portland, ME - Real Estate
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