Suburbs of Portland ME Market Report October 2008
Posted Nov 9, 2009 @ 4:23 pm, Viewed by 135 Visitors, Read 136 Times.The greater Portland residential real estate market continues to chug along as evidenced by the recent monthly housing statistics on Falmouth and Cape Elizabeth. In Falmouth, 20 homes sold in October, up 25% from a year prior and month over month volume was down just 2 transactions. In Cape, 13 homes sold compared with just 5 a year prior and and up from 11 in September. Median pricing fluctuated a bit for the two communities as Cape was flat compared to a year prior, but Falmouth was off about 35%. The median days on market for both communities continues to remain stable and in both of these towns inventory levels have dropped a bit relative to the previous month.
Thus the Southern Maine real estate housing markets based on greater Portland and Portland itself appear to be healthy for the most part as we enter the long Maine winter!
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Hello and welcome to Maine, "the way life should be." My name is John Herrigel and I am a motivated, energetic, focused real estate agent who works primarily with buyers of all walks of life, many around my own age of 28 so a lot of first time home buyers but also a lot of baby boomers looking for a 2nd home or relocate to the area. Read More
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