October Home Sales report for Southern Maine
Posted on November 22, 2008
The month ending October 31st 2008 saw little change from current market trends in the Southern Maine real estate markets.. On average the transaction volume remains down 10% from a year prior and average sold prices are 10-15% off last years numbers. However on a month over month analysis the average pricing appears to have leveled off. This past month saw a significant increase in days on market averages for 3 out of the 4 counties followed pointing towards a slow road ahead. Significant decreases in inventory levels did occur as well this past month as parties traditionally take their homes off the market for the coming winter season.
Maine Housing Statistics:
Sold Properties by County – Sep 08 (Sep 07) (% Change):
# Sold Avg. Price Avg. Days on Market
York 185 (210)(-12%) 262K (286K)(-8%) 137 (152) (-10%)
Cumberland 259 (280)(-8%) 269K (312K)(-14%) 119 (91) (31%)
Sagadahoc 36 (35)(3%) 212K (236K)(-10%) 114(97) (18%)
Lincoln 32 (44)(-27%) 300K (286K) (5%) 215 (192) (12%)
Thanks for reading about real estate in Southern Maine
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