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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
Tug-O-War
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- Created on Friday, 28 March 2014 19:52
"What's up with the real estate market? Things are improving, huh?" Well, a very guarded "yes" is is the right answer with the qualification that we are in a drawn out transitional market. One would think that with all the stories of the improving real estate climate and tales of low inventories that we would clearly be in a seller's market, but dont' tell that to the buyers here in Maine. Many pockets of the market are still overhung with inventory (the high end most notably and lakefront properties), but other sectors are wanting for good quality, updated homes (in this case, the in-town market). General pronostications about the improving real estate market have left some sellers wondering why there is little activity on their listing while some buyers are scratching their heads wondering why the seller of that fine cape walking distance to town amenities is so stubborn about the price and improvements. Neither side can yet plant a banner to claim this market as theirs. It is definitely a case-by-case exercise.
