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Southern Maine market conditions in July

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Despite the extreme volatility seen in the financial markets the 4 Maine counties followed held strong.  Appreciation was flat in York and Cumberland whilst Sagadahoc and Lincoln saw minor fluctuation. A 22% increase in units sold in Cumberland county was the high point for  southern Maine real estate markets in July.  A slight uptick in Days on Market for 3 out of the 4 counties and a small, statistically insignificant inventory increase were seen as well. Look for more significant reductions in homes sold going forward as the lenders look to find a happy medium in their practices. View the full newsletter here.

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