Scarborough Maine first quarter market report

Real Estate Agent

The following are first quarter numbers for the Scarborough single family housing market.

The number of current homes on the market are down by 3.4% to 338 homes. The number of sales are up by 14% to 33 sales. The median sales price has crept up by 5.4% to $298,750. The absorption rate has fallen by 14% to 52 months of available inventory.

Analysis: sluggish winter market indicating a slow start to the year, positive increase in volume and value.  Positive decrease in absorption rate.

Comments (1)

Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I dont think the weather this winter helped us here in New England, i vote for no more spring snowstorms either.

Apr 12, 2011 03:16 AM