Westbrook Maine first quarter housing market update

By
Real Estate Agent
The following are first quarter numbers for the Westbrook single family housing market. The number of current homes on the market are marginally up by .77% to 259 homes. The number of sales are down by 3.84% to 25 sales. The median sales price has fallen by 17% to $170,933. The absorption rate has risen by 4.6% to 53 months of available inventory. Analysis: sluggish winter market indicating a slow start to the year, values falling with decrease in sales volume.

Greater Portland Maine real estate market reports by town.

Comments (2)

Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

Derrick, great to see how real estate is moving in your part of the world. I lived in Westbrook in my formative years.

Continued success to you.

 

Apr 18, 2011 03:55 AM
Derrick Buckspan
Portland, ME

Thanks for reaching out Charles, always a pleasure to hear from folks with Maine connections.  Hope things are going well in Arkansas. 

Apr 18, 2011 04:00 AM