Eliot Maine Real Estate Market Update Q1 2008

The winter market in Eliot Maine was slow in regards to total units sold. In 2007 there were 16 homes sold during the first three months of the year, in 2008 only 9 homes were sold. Currently there are 13 homes under contract. This shows me that the snowy winter may have played a large part in the reduction of total sales.

Also, the average days on market have dropped from 128 days to sell a home in 2007 to only 99 days to sell a home this year. This is great news as it means homes are selling a month faster than last year. Buyers have been active this month- now that it is not snowing every other day.

Currently there are 50 homes for sale in Eliot and the range in asking price from $149,900 to $3,500,000.

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Visit The Seacoast Sold Report for more information about sales in Eliot Maine and surrounding towns.