The number of new listings increased while sales dipped just a bit in the Lewiston-Auburn Maine real estate market for the week of April 29, 2012 through May 5, 2012. This past week's numbers were skewed a little by an extremely low priced bank owned property that sold, bringing the average sale price down, and a home listed by an unrealistic seller that sat on the market for 611 days, bringing the average days on market way up for the week. The home finally sold when they lowered the price to the actual market value.
We are generally running about 110 days on the market.
The good news is that on average, homes in the Lewiston-Auburn area are receiving 95% of list price when they sell.
Weekly Market Activity
| Residential Properties: 04/29/12 - 05/5/12 |
Lewiston-Auburn Maine |
| New Listings This Week |
26 |
| Homes That Went Under Contract This Week |
9 |
| Closed Home Sales This Week |
7 |
Weekly SOLD statistics
| Residential Properties: 04/29/12 - 05/5/12 |
Lewiston-Auburn Maine |
| Average Days On Market |
163 |
| Average List Price |
$116,214 |
| Average Sale Price |
$111,071 |
If you have any questions regarding your particular town or area, or would like to find out how much your home is worth, please feel free to call me at 207-240-2250 or visit www.homeseller.me.
Statistical data was taken from the Maine Real Estate Information System (MREIS) and is considered reliable, but not guaranteed.
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