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October Real Estate Update for Southern Maine

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For the month ending October 31st, 2010, the southern and greater Portland Maine real estate markets continued to see much of the same… decreased demand and transaction volume year over year whilst median prices  were once again deceivingly up on a statistical basis as I believe this continues to be attributed to less first time home buyers in the marketplace at lower price point.

Maine Housing Results for October 2010

Click here for the complete Maine real estate report.

Overall I feel there is a lot of pent up demand in the marketplace and if rates continue to creep up  I think we are going to see a significant pop in transaction volume which will further help to stabilize the regional marketplace.

Thanks for reading,

John

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