Cumberland County January 2009 real estate results
2009 February 20
The Cumberland County real estate market, home to Portland Maine posted dismal figures for the month ending January 2009. 101 transactions took place, down from 172 a year prior and 183 a month prior, representing a volume drop of approximately 40+%. Average sold pricing for the month clocked in at 261K, about 5% less than a year prior. The days on market ticked down a bit however with the average home sitting on the market for about 95 days in January 2009 relative to 111 a year ago.
Thanks for reading,
John
