2011 Real Estate Reports

| February 10, 2012 | 0 Comments

Each year we complete a comprehensive review of the previous year’s homes sales and our report for 2011 was recently completed.  It includes a summary of results for Cumberland and York Counties and details by selected cities and towns.

Most all communities experienced a continued decline in the number of homes and condos sold in 2011 versus 2010. Of course there were a few exceptions – but those communities were for the most part smaller. The median price of homes also declined in Cumberland and York Counties in total and in most towns, but the rate of decline has clearly moderated.

Interestingly, as of the end of January, Cumberland County had experienced six consecutive months of increasing home prices. These increases are marginal – but increases nonetheless – and therefore encouraging.  This is also better than other parts of the country.

Access Complete Reports By Town:

A complete report is available on our primary website at 2011 Sales Reports, along with an archive to past reports.

As we move forward in 2012 the real estate market in southern Maine still if faced with unprecedented levels of inventory.  It is not until this excess has been consumed that prices will improve and the market reaches a point of equilibrium

Category: Real Estate

About the Author ()

Along with my wife and partner Laura, we moved to Maine in 2000, after living in many areas of the United States & Europe, including NYC, Chicago, Dallas, Atlanta and Belgium. We love Portland and are proud to call it home. Our passion is real estate, and we currently own the company Maine Home Connection, providing personalized online home buying & selling services.

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