Southern Maine pricing leveling out

Taking the sold home statistics for the 4 counties followed, since the beginning of the year the average sold price level appears to have leveled out and appears to be statistically stagnant. Minor drops have occurred and will continue, but in Cumberland and York counties which includes the Portland real estate market the current pricing is similar to a year prior and a 6% increase over last years statistics in York county occurred this previous month. The pricing volatility and month to month fluctuations for coastal Maine properties will continue going forward due in large part to the lower transaction levels. Overall the pricing levels seem to have found an equilibrium.

View the complete housing statistic report here.