Through the first three months of 2017, sales of single family homes are … Only Human! Following last year’s record breaking first quarter, homes sales throughout the state have slowed somewhat – reflecting a marginal increase of 1.2% statewide. sales in Cumberland and York counties were behind last year by 2 and 4 % respectively.
Nearly every community in the greater Portland area recorded sales decreases, many in double digits. The graph below includes the details. Portland, far and away the largest market, was down a significant 22%. – recording lower sales in each of the first three months of 2017.
Median pricing, however, continues to improve as the YTD level of $186,000 represents a 6% increase over 2016.
Pricing in Cumberland County is up 7%, as many local towns experienced record levels based on an unusually high proportion of upper end homes being sold.
Inventory continues to be low, with March’s level being at its lowest level in 15 years.
If you are considering selling in the near future, now is clearly the
time to put you home on the market – and of course, we are the company
As Ben Franklin once said: Well done is better than well said. Until next time…..Imagine More!
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