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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
The Trend's Your Friend
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- Created on Friday, 10 February 2012 05:00
What may have been construed as “blips” on the economy’s radar screen last fall can now be considered the trend. According to the monthly housing reports from the Maine Association of Realtors, images/mainehousingreport-december2011.pdf, we have seen six consecutive months of year-over-year improvements of existing home sales in Maine. In the broader market, the National Association of Realtors reports the third consecutive month of increasing existing home sales and a drop of almost 10% in inventory.
Supply and demand look to be coming back toward normalcy. The good news in the economy is also evidenced in new three year lows in both December’s and January’s numbers for unemployment and consumer sentiment also has had six months in a row of increases. The best news is that housing prices are still low and at least here in midcoast Maine, there are some great quality homes on the market. As they say on Wall Street, “The trend’s your friend.”
