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Maine Newsletter Volume 1.11

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Despite an overall average price drop of 3.9% for the state in November 2006 over 2005, the 4 counties above all saw price appreciation for the first time in multiple months with a combined 7% average increase and York topping out at 12%.  Taking into account that the volume of transactions dropped sharply, 19% on average with a staggering 32% drop in York.  Market depressions historically last on average 3-5 years and longer making this rise appear more likely to be an anomaly than a trend, but inventories continue to decrease and it is FACT that buying activity has markedly increased as of recent months.

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