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3rd quarter housing results for greater Portland Maine

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Thanksgiving by FlickrHappy almost T-day!  As we enter the holiday season the greater Portland Maine real estate markets continue to show stability and resilience with transaction volume up by double digits in all 4 counties we follow..including York, Cumberland,  Sagadahoc and Lincoln.  The brightest spot in the market continues to remain the city of Portland itself and thus the entire greater Portland market.  Year over year prices remained stable with the median price clocking in at 215K.. exactly where is was a year prior.  Unfortunately the mid coastal real estate market continues to see downward pressure on pricing with values down 10% in the 3rd quarter 2011 for Sagadahoc county. View the full Maine housing report here.

3rd Quarter 2011 Maine Housing Results.

Transactions Prices DOM
2011 2010 Change 2011 2010 Change 2011 2010 Change
York 616 540 14% 210 214 -2% 79 74 7%
Cumberland 920 820 12% 223 222 0% 60 62 -3%
Sagadahoc 97 79 23% 163 183 -11% 46 86 -47%
Lincoln 109 92 18% 160 198 -19% 126 103 22

View the full Maine Association of  Realtors press release here

 

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