The Maine Newsletter Volume 2.2 Released
Posted on April 3, 2007
Spring inventories are on the rise. In York and Cumberland county transaction and pricing levels are close to the same levels seen a year prior. The sharp decline in transactions for Sagadahoc and Lincoln counties is disconcerting, a trend partially attributed to the lagging 2nd home market perhaps. The Maine Association of Realtors recently reported February ‘07 single family sold home prices on average rose 4.84% over Feb 06. The recent turmoil in the mortgage markets will temper housing momentum nationwide, but the Maine market will fare better than average as spring temps will once again bring Maine out of its long winter slumber.
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