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Cumberland County ME Market Update

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The county of Cumberland located in southern Maine posted extremely strong Maine residential real estate figures for the month of June 2009. Pricing and volume were both down 3%, the first single and not double digit decrease in many months!  318 homes in Cumberland County sold at an average price point of 265K compared with 328 at 274K in June 2008.

Interest rates have remained low and the ME first time homebuyer segment continues to remain strong, perhaps even heating up a bit as the year end deadline fast approaches.

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