Peter Christine - Midcoast Maine Realtor - Damariscotta - NewcastleRead all about it!

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

Hold up, there.

Following a year in which there was much excitement over the upbeat changes in the real estate market, a bit of reflection on where we are would not go amiss. Although the steady increases in “units sold” held up (except February 2013) month to month through October and was in step with the seasonal nature of Maine’s market, late fall greeted us with some trepidation from buyers. The bickering in Washington didn’t help confidence in the face of a steady stream of reports that the global economy was limping along.

Some buyers began to think better of an expenditure just yet and reigned in plans in a “wait and see” defensive mode. Inventory is suffering in quality as many good homes were picked up earlier in the year. There are still pockets of price softness, especially for homes that saw the year without contracts.

On the data, the tendency would be to label the current market a “seller’s market”, but with the economy muddling through that pronouncement would be premature. Price appreciation is not a factor in most buyer’s calculations, so sellers will need to keep their expectations in line with the quality of their offering and what is becoming a long-range view of modest economic activity.

Contact

Reach me at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at

(207) 592-2951

Peter is a broker with Drum & Drum Real Estate, 17 Bristol Road, Damariscotta, ME 04543

 Drum & Drum

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