Coastal Southern Real Estate Trucks Along

Posted on July 11, 2008
Filed Under Bath Maine real estate, Brunswick Maine Real Estate, Coastal Maine Real Estate, Portland Maine Real Estate | Leave a Comment

In the month of June for Southern Coastal Maine real estate the transaction levels remained down 20-25% as they have been and the pricing continues to level off and stabilize. In York and Cumberland counties which include Portland and Brunswick a 1% price fluctuation was seen from a year prior while Sagadahoc and Lincoln which includes Bath saw price variation of 5-6% attributed generally to smaller sample sizes. The Average Days on Market for all properties in all regions is increasing. Going forward I believe demand for smaller homes will increase and a decrease in demand for mid sized homes will decrease as uncertainty over the economy and energy ensues.