Posted on September 17, 2008
Filed Under Maine real estate news, Southern Maine real estate, Coastal maine real estate, brunswick maine real estate | Leave a Comment
The summer southern Maine real estate markets continued to trend south in August as transaction levels remained off 20%-30% from a year prior and pricing was down 10%-15% on average for the 4 counties followed. Cumberland with Portland and Brunswick real estate markets saw a 9% reduction in average prices whilst York county saw homes lose 15% of their value from a year prior. A small silver lining this month was seen in an ever so slight reduction in the DOM combined with a drop in inventories. The Maine housing markets continue to chug along, but with the sharp interest rate drop last week coupled with continued tumultuous financial markets the future is anybody’s bet. Real the overall coastal Maine housing market report for greater details and information,.
Posted on July 11, 2008
Filed Under Portland Maine real estate, Bath Maine real estate, Coastal maine real estate, brunswick 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.
