1st Quarter 2010 Southern ME real estate report

As the deadline for the housing tax credit looms communities here in Maine have benefited greatly thus far as the southern ME real estate market has been quite healthy and very active since about mid way through January.

The southern and lower mid coastal Maine region as a whole has seen stabilizing prices with the past 3 quarters median prices clocking in at 228K, 229K and 225K respectively.  Transaction volume has also been strong, up 29% in the 1st quarter 2010 compared with the 1st quarter 2009.

The entire Maine real estate report can be obtained here or by contacting me directly at john@greentreemaine.com

Going forward look for continued growth in transaction volume coupled with steady pricing, but  if rates continue to tick upwards this  market will see an end to its borderline euphoric state.
Thanks for reading,

John