August Southern Maine home prices on rise

Despite chaos in the national and local credit and financial markets, Maine posted strong results for the month of August with healthy transaction volume in all 4 counties, increasing 16%  and 11% in York and Cumberland respectively from a year prior.  Average prices were also up in all 4 counties followed as inventories decreased in 3 out of the 4 markets for the first time in many months.  Relocation and retirement buyers throughout the area continue to help Maine fare better than most other parts of the country. See the complete Southern Maine report here.