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Maine Newsletter Volume 2.5 released

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As inventory levels continue to escalate throughout the spring season an alarming reduction in transactions levels was seen for the month of May. Total sold transactions for the 4 counties followed in May 2007 was 672 versus 816 in May 2006, an 18% reduction.    The Days on Market for all 4 counties jumped significantly, but average sold prices rose in 3 out of the 4 counties.    My thoughts: Higher interest rates + market volatility = Uneasy feeling for the short and mid-term market outlook.
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