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Feb 2011 Southern Maine Market Update

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The harsh weather conditions of December and January led to somewhat disappointing housing results for the month ending January 2011 in the regional marketplace.  Housing volume relative to December 2010 was down as much as 30%, however, the year over year comparison showed that despite all the cold weather.. volume was up over January 2010 figures.  The strongest markets continue to be Portland Maine proper with home and condos sales in Portland leading the way.

Mid Coastal Maine is still struggling to see activity, yet my sense is that once we thaw.. there is going to some serious real estate action in Maine.  Many buyers are looking and are simply having a hard time finding something given the lower inventories around, but this should change as Maine sellers will begin relisting as early as March 1st I suspect.

To read the complete January 2011 Maine real estate housing report please click here.

Thanks for stopping by and thanks to the Maine Association of Realtors for their statistics.
John

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