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.
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.
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