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Southern Maine housing results in February


For the month ending February 2010, the southern Maine real estate markets posted mixed results as most of the markets suffered from post-holiday hangover.  Some communities were up in prices, others were down.  Overall volume continues to be higher throughout the region.

As I write the markets are as hot as they have been in well over 3 years thanks largely to the first time home buyer tax credit as well as the continued low interest rates, under 5% in most cases!  As March, April and May housing statistics become available be sure to check back in as I suspect we are going to see some very encouraging results. Many homes in the greater Portland Maine housing market continue to see multiple offer situations, sold prices at or above asking prices and extremely healthy buyer interest.

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