Here are the latest statistics for our Real Estate Market.
Please feel free to contact us if you have any questions or concerns, or would like to a free current market evaluation for your property.
The Tanya Busch Team, Keller Williams Realty Mid Maine
207-689-9880 info@TanyaB.com www.TanyaB.com
34 Center Street Auburn, ME 04210
ROLLING QUARTER CHART
From March 1, 2007 - May 31, 2007 and March 1, 2008 - May 31, 2008
County # Units Sold # Units Sold % MSP MSP %
2007 2008 Chg 2007 2008 Chg
STATEWIDE 2935 2327 -20.72% $195,000 $182,500 -6.41%
Androscoggin 232 168 -27.59% $161,750 $149,750 -7.42%
Aroostook 82 64 -21.95% $83,185 $89,250 7.29%
Cumberland 779 602 -22.72% $245,500 $233,688 -4.81%
Franklin 58 42 -27.59% $124,950 $136,000 8.84%
Hancock 116 81 -30.17% $212,750 $178,500 -16.10%
Kennebec 261 207 -20.69% $146,000 $143,500 -1.71%
Knox 99 92 -7.07% $225,000 $186,000 -17.33%
Lincoln 80 71 -11.25% $239,100 $190,000 -20.54%
Oxford 128 102 -20.31% $135,000 $150,500 11.48%
Penobscot 303 275 -9.24% $146,500 $136,300 -6.96%
Piscataquis 36 27 -25.00% $90,798 $75,000 -17.40%
Sagadahoc 80 64 -20.00% $210,000 $189,500 -9.76%
Somerset 85 72 -15.29% $109,900 $95,500 -13.10%
Waldo 73 65 -10.96% $146,200 $160,000 9.44%
Washington 18 12 -33.33% $90,990 $137,500 51.12%
York 505 383 -24.16% $230,500 $225,000 -2.39%
Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 5,800 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.
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Where do you see the next quarter taking us Tanya?
John - I'd have to say the next quarter should be stable or slightly up in my opinion - at least in Central & Western Maine. In just the last 3 weeks, we have gone from very few inquiries to multiple offer situations. Buyers are finally buying. Last year, many buyers seemed quite hesitant to buy, wondering if values would go down further. Currently we are seeing sellers who are more realistic about pricing and more buyers ready, willing, and able to buy. We have also seen a decrease in the number of buyers trying to "steal" a home and only making low-ball offers. How about in your area? Are you seeing the same things?