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Coastal and Southern Maine Home Report Jan 2009

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Alas January did not post the numbers that anybody who wants  real estate markets to appreciate would like to see.  For the southern Maine real estate markets, specifically York and Cumberland county, transaction volume was down 12% and 41% respectively, with only about 100 residential home transactions occurring in Cumberland County, home to Portland Maine.  Pricing continues to trend downward, but not at an alarming rate.

In Maine coastal real estate markets including Sagadahoc and Lincoln country transaction volume was down at even more alarming rates, 30% and 50% respectively!  Given extremely small sample populations it is hard to discern true pricing patterns but it is safe to say prices are also trending downward.

The month of Janurary was cold, snowy and a tough one for Maine real estate.  Keep an eye out for the Maine Association of Realtors figures that should be released soon.

Thanks for reading,

John

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