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Cumberland County 2008 Year in Review

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Ending 2008 Cumberland County Maine saw 3060 transactions occur at an average price of 275K. This is down from 3703 at a price of 302K in 2007 representing a volume and pricing drop of 17% and 9% respectively.  Thus the southern Maine real estate markets are not immune to the economic/housing/financial crisis that has rocked this nation although less than a 10% drop is better than most areas in the nation and hopefully with lower interest rates and come spring fever, Maine along with the rest of the country will pull itself out of this mess.

For complete Maine real estate housing data please go to www.mymaineproperty.com

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