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.
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