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December Market Update for Southern Maine


Good day and seasons greetings from snowy and wintry Maine!

For the month ending November  2010  housing markets in Southern Maine including greater Portland and mid coastal regions posted similar results to what we have been seeing since the expiration of the tax credit.   Transaction volume was down  in all 4 counties  year over year whilst  month over month volume has continued to stabilize.  Median pricing throughout the region year over year was up  whilst month over month pricing remained quite stable and even began to show a few signs of  price appreciation dare I say!   With inventories very low and many buyers sensing a bottom…watch for improving conditions in the New Year.  Below are the raw results and read the full December real estate report here.

Once again we want to wish everybody a Merry Holiday Season and a thanks to the Maine Association or Realtors for helping supply these statistics

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