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Looking for an Equilibrium in Southern Maine markets


The most recent month over month average pricing in the southern Maine real estate markets ticked slightly downward in all but York County where a 9K increase from August to September was seen.  The average sold home prices continued to remain off about 15% to 20% from a year prior.  A couple of new trends that were seen this September in contrast to previous months  were a leveling off in single family and condo transaction volumes and an uptick in the Days on Market. seems to run counter intuitive to an expected decrease in the Days on Market.  Going forward it seems the southern coastal Maine real estate markets will remain slow.
Sold Properties by County – Sep 08 (Sep 07) (% Change):
     # Sold                           Avg. Price                   Avg. Days on Market 
York                211 (214)(-1%)             265K (336K)(-21%)              132 (114) (4%)
Cumberland      276 (275)(0%)             269K (312K)(-14%)              102 (86) (11%)
Sagadahoc       27 (35)(-23%)             192K (203K)(-5%)               134(102) (106%)
Lincoln            34 (22)(55%)                275K (325K) (-15%)             172 (180) (8%)

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