For the 4 counties followed - York, Cumberland, Sagadahoc and Lincoln - 3 out of the 4 saw significant volume increases relative to a year prior, a trend that has been continuing for the past 3-5 months however price decreases year over year in September were a bit larger than previous months as the median prices fell 18% in York and 25% in Sagadahoc although overall pricing is down about 10% on a rolling 3 month average. A significant reduction in the days on market was seen as well. Inventories in all 4 counties dropped as well.
For more information and to see the full Southern Maine real estate report please visit www.mymaineproperty.com
Thursday, October 22, 2009
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