October 2010- Falmouth Maine Real Estate Update!

In October, 2010 the Real Estate Market of Falmouth, ME saw 6 residential sale transactions take place. These 6 homes sales unfortunately reflect a 70% decrease from October 2009 and a 57% decrease from September 2010. The homes for sale in Falmouth, Maine had a median days on the market prior to selling of 111 in October. This reflects a 79% increase from a year ago and a significant 42% increase from this past September. One reason for the low numbers reported in October is the median selling price. The Falmouth Maine Real Estate Market had an average sales price of 391K, an increase of 40% from last year and an increase of 19% from the month of September. This may be a sign that the greater Portland Maine Real Estate Market has not stabilized enough to start raising prices.

To request customized real estate listings of Falmouth Maine Real or to gain additional market information please contact John Herrigel with Green Tree Realty at johnherrigel@gmail.com or through MyMaineProperty.com.