Southern Maine October Housing Sales

By
Real Estate Agent with The Herrigel-Kennedy Group - Portside Real Estate

It seems for the time being a bottom has been found in the Southern Maine real estate housing markets.  Steady as she goes the month ending October 2008 saw little change in prices from August and September.   Transaction volume remains down 10% from a year prior and average sold prices are 10-15% off last years numbers but the month over month pricing has held up well.  Additionally this past month saw a significant increase in days on market averages for 3 out of the 4 counties followed that point towards a slow road ahead. Significant decreases in inventory levels did occur as well this past month as parties will take their homes off the market for the coming winter season. For more Maine housing statistics please visit www.mainepropertyblog.com

                         # Sold                  Avg. Price Avg.              Days on Market
York                  185 (210)(-12%)     262K (286K)(-8%)        137 (152) (-10%)
Cumberland       259 (280)(-8%)       269K (312K)(-14%)      119 (91) (31%)
Sagadahoc         36 (35)(3%)           212K (236K)(-10%)      114(97) (18%)
Lincoln               32 (44)(-27%)        300K (286K) (5%)        215 (192) (12%)

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Maine
Tags:
maine
york
housing statistics
lincoln
southern maine real estate
cumberland
sagadahoc

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
101,328

John Herrigel

Portland, ME - Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information