Southern Maine Housing Statistics May 2007

Posted Jul 1, 2007 @ 8:47 pm, Viewed by 282 Visitors, Read 285 Times.

As inventory levels continue to escalate throughout the spring season an alarming reduction in transactions levels was seen for the month of May. Total sold transactions for the 4 counties followed in May 2007 was 672 versus 816 in May 2006, an 18% reduction.    The Days on Market for all 4 counties jumped significantly, but average sold prices rose in 3 out of the 4 counties.    My thoughts: Higher interest rates + market volatility = Uneasy feeling for the short and mid-term market outlook.

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johnherrigel

johnherrigel Hello and welcome to Maine, "the way life should be." My name is John Herrigel and I am a motivated, energetic, focused real estate agent who works primarily with buyers of all walks of life, many around my own age of 28 so a lot of first time home buyers but also a lot of baby boomers looking for a 2nd home or relocate to the area. Read More

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