RE/MAX of New England released a report showing an early snapshot of Maine real estate sales and values. The report shows home sales up by 9.5% for 2011 over 2010, but month-to-month, values were down by 29%. This decrease is not that surprising given the sevarity of the winter this year as it's not uncommon for weather to have an impact on seasonal sales. Prices remained fairly stable down .5% while inventory was down by 6.3%. RE/MAX predicts: "With bottomed-out prices and a decrease in inventory, Maine’s market could be moving toward stabilization."
This report is consistent with conditions we have seen. We will have first quarter analysis by town and county in early April. Showing activity suggests that the first quarter sales volume could be low, which could result in an active Spring market. Check back for updates or subscribe via rss or email.
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