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2006 Year End Housing Statistics
Buying activity continued to remain strong through the holiday months and into early 2007. After multiple months of sharp inventory decline perhaps an equilibrium in the short run has been found.  The ratio of new listings to sold listings was near 1 to 1 for December and price levels are seeing some volatility  month to month, but overall are very similar to where they were 1 year prior.  2007 will see healthy commercial and residential markets, a slower pace of new development and construction and a greater number of foreclosed properties on the market.
Inventories levels: A steady increase throughout the year, peaking in August/September, levels incrementally increased on a quarter by quarter analysis.
1st Qtr to 4th Qtr % Change in InventoriesÂ
York    Cum    Sag     LinÂ
26%Â Â Â Â Â 17%Â Â Â Â Â 14%Â Â Â Â Â 25%Â
Homes Sold: Following national trends, the pace of homes sold dropped supporting the rise in inventories above. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
         Â
Number Homes SoldÂ
                      York    Cum    Sag     LinÂ
2005Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 3472Â Â Â Â 4445Â Â Â Â 447Â Â Â Â Â Â 497
2006Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2885Â Â Â Â 4020Â Â Â Â 443Â Â Â Â Â Â 425
% Change       -17%    -10%    -1%     -14%
Average Prices:Â Contrary to overall statewide and national statistics, coastal real estate prices continue to creep upward with moderate quarterly volatility due to seasonal buying and waterfront vs. non-waterfront property sales within a given quarter.
                  Average Price Sold (000′s)                       York    Cum    Sag     LincolnÂ
1st Qtr            273      291      216      237
2nd Qtr            280      294      231      290
3rd Qtr             285      317      222      266
4th Qtr            311      305      204      308
2006Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 287Â Â Â Â Â 302Â Â Â Â Â Â 218Â Â Â Â Â Â 275
Visit www.mymaineproperty.com/maine-housing-statistics.html  for full data sets