Cape Elizabeth Maine first quarter market update

Real Estate Agent

The following are first quarter numbers for the Cape Elizabeth single family housing market. The number of current homes on the market are down by 2% to 186 homes. The number of sales are up by 12.5% to 18 sales. The median sales price has risen minimally by .3% to $343,250. The absorption rate has dropped by 14.8% to 51 months of available inventory. Analysis: positive increase in sales volume with values holding steady.

Greater Portland Maine real estate market reports by town.

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