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Southern ME June Real estate report

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For the month ending June 2009 the coastal and southern Maine real estate markets posted very solid gains, the best seen in well over a year.   Transaction volume was up a whopping 37% in York, whilst Cumberland county witnessed a 3% decrease compared to recent 10%-20%  over the past many months. In the ME coastal  real estate markets of Sagadahoc and Lincoln there were significant pricing gains, 10% and 26% respectively, I think largely attributed to the 2nd home buyer reentering the market finally.  Inventories are on the rise in all 4 counties and as the summer progresses, it will be critical that they do not spiral too far upwards.    The many first time home buyer incentives,  the return of low interest rates and a strong 2nd quarter earnings from the ec0nomy at large are all contributing factors to this successful season. For the complete Maine housing report please visit www.mymaineproperty.com

Thanks for reading,

John Herrigel
Maine Buyers Agent

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