3rd Quarter 2009 Housing Report for Greater Portland Maine
Posted Oct 15, 2009 @ 7:17 am, Viewed by 162 Visitors, Read 164 Times.With Fall foliage in full swing here in Maine....just the facts and a little commentary on how the residential real estate markets in the greater Portland region fared for the 3 month Qtr ending September 30th, 2009.
Total transaction volume for the 5 communities including Portland, South Portland, Westbrook, Falmouth and Cape Elizabeth clocked in at 431 compared with 399 in 2008, a 7% increase year over year.
The average median price for these transactions was 238K compared with 266K in 2008, representing a 12% decrease from year prior. The markets however do seem to have found a bottom after the intense economic crisis with median prices down a bit from the start of the year, more of which can be attributed to the 1st time home buyers purchasing a greater portion of the lower priced inventory on the market.
View the full Maine 3rd Quarter Housing Report with complete housing stats
Thanks for reading!
John
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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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