The following are first quarter numbers for the Gorham single family housing market.
The number of current homes on the market are down by 20% to 249 homes. The number of sales are up by 3.6% to 29 sales. The median sales price has risen by 3.5% to $213,333. The absorption rate has fallen by 20% to 44 months of available inventory.
Analysis: decrease in available inventory has resulted in in slight increase in sales volume, increase in values and decrease in absorption rate.
Greater Portland Maine real estate market reports by town.
The following are first quarter numbers for the Gorham single family housing market.
The number of current homes on the market are down by 20% to 249 homes. The number of sales are up by 3.6% to 29 sales. The median sales price has risen by 3.5% to $213,333. The absorption rate has fallen by 20% to 44 months of available inventory.
Analysis: decrease in available inventory has resulted in in slight increase in sales volume, increase in values and decrease in absorption rate.
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