Housing Update for Coastal and Southern Maine 2nd Quarter 2011
The residential real estate market in Coastal and Southern Maine has seen a 5% increase in median price since the 2nd quarter of 2010. Total transaction volume decreased from 988 homes sold in the second quarter last year, to 649 houses and condos sold this quarter. Lower sales volumes year over year reflect the success of last year’s tax credit program for home buyers as transaction volumes are more similar to 2009 levels.
Visit Coastal Maine to learn about a picturesque and diverse region, from waterfront wilderness in the mid-coast to the convenience of Downtown Portland. Check out real estate in Falmouth Foreside Maine for more information about one of many great ways to enjoy life in coastal Maine.
This quarterly housing update has been compiled by John Herrigel a local broker for Southern and Coastal Maine homes with MyMaineProperty.com – the Herrigel Group. For more information about Portland Maine homes for sale contact John Herrigel via email at email@example.com or directly by phone at 207-650-5383.