Read 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
What's Wrong With This Picture
- Details
- Created on Thursday, 09 June 2011 05:00
Clients have been shaken recently by national data regarding housing starts. Housing starts are not existing housing and our midcoast area is a retirement/second home market for which there has been ample interest this spring in the existing inventory of good homes at good prices. Local 0-point 30 year rates are now around 4.75%.
The home sales numbers (see the linked reports below), looked great in February, but not so pretty in March and April. Remember though, the homebuyer credit ended last April 30th, so there was a March and April rush to close sales last year which artificially skewed the numbers higher leaving this year's numbers poor by comparison. The on-the-ground fact remains that most of my colleagues and I are extremely busy with showing requests - much busier than last year at this time. See the Maine Association of Realtors' housing reports here: images/mainehousingreport-march2011.pdf and images/mainehousingreport-april2011.pdf
