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Check in with this page from time to time to read news and commentary about the midcoast Maine real estate market and an analysis of the latest Maine Association of Realtors housing reports.
Our market is, as are all real estate markets, local by nature and driven by forces both common to other real estate markets, but also unique to this one. Here you may gain that broad and local perspective you may find valuable in your decision to buy or sell real estate in midcoast Maine.
Midcoast Maine Real Estate Market News
What a Difference a Year Makes
- Details
- Created on Monday, 17 December 2012 22:05
There can be no doubt now. Virtually all markets around the country are confirming that the trend in real estate is up. In some markets there are now tight inventories in the more modest price ranges. Here in Maine we are at the head of an incredible 16 consecutive month juggernaut of year over year unit sales improvements. Moreover, we have now seen median price increases each month since March 2012 with the exception of July. Whether it is a buyers’ or a sellers’ market depends on your price range. Under $400,000 some buyers are beginning to lose out in multiple offer battles while the higher end – over $1m – is still adjusting prices to attract those few, but savvy clients. Land still remains the sleeper. There are some choice parcels, but with construction costs remaining intractably high, the existing housing market followed by a remodeling job will retain dominance. Best wishes for a great holiday season.
