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November 2009 Southern Maine Housing Report

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The month of November marked another great month for the southern ME real estate housing markets, specifically Cumberland and York counties.  Transaction volume was up 44% and 55% respectively whilst median prices month over month continued lower, off 6% and 12%.

Pricing continues to stabilize month over month with little to no price depreciation seen for the past 6 months.   The month of December thus far has been pretty quiet however, but assuming interest rates remain low and that the harsh winter storms don’t hammer us too too badly I believe in the new year we will continue to see strong rebounding of volume and pricing in  all market segments including the single family, condo and multi unit markets.

Inventories for the southern Maine markets are lower than they were a year prior and many individual towns, including Portland Maine even saw  a bit of price appreciation month over month in November.

For more detailed Maine housing statistics and analysi please contact me directly at 207-650-5383 or via email john@greentremaine.com or sign up for a complemantary Maine real estate buyers packet.

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