AUBURN ME September 2010 Housing Market Report 04210

Auburn Maine September 2010 Housing Market Report.

Here are the results of single family homes sold in Auburn Maine for September 2010.

Special note: Six of the nine homes sold within 97-100% of their list price. Three of the homes sold for MUCH less than their list price and in my opinion, they were grossly overpriced to start with. One of the overpriced homes was bank owned and priced 47% above current market value. This home is in a commercial zone, and perhaps the bank was hoping to realize some additional value due to this zoning.

Basically, homes that are priced appropriately are selling very close to or at full list price. As you can see from the average days on market (222 days) we are still in a buyers market (more than 6 months of inventory on the market.) However, homes are selling and many sellers are getting almost full list price for their homes.

If you are considering a move, please give me a call. I'd be happy to help.