The Maine Newsletter May Issue Released
Posted on May 31, 2007
Inventory, Pricing, Demand
Statistics for April show the continued trends of rising inventories yet increasing prices, a quandary for traditional Supply/Demand economics. Prices were up in 3 out of the 4 counties followed with a 6.7% increase in Cumberland. The number of properties sold increased in Lincoln and York, remained flat in Sagadahoc but saw a strong decline in Cumberland partially attributed to the Portland younger buyer’s inability to secure loans due to increasingly stringent lending practices for higher risk financing. A general sense of “blah” seems to have clouded the markets in April, yet investor and consumer sentiment seem to point toward improving market conditions for late spring.
Read the entire Maine Newsletter here.
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