The Goff Report – Cumberland County, Maine, June 2017

Local Market Update for Cumberland County, Maine

The number of new listings once again improved from the rolling quarter report from a month ago. If you recall, new listings were down 13.30% from March-May 2016 to 2017, and from April-June 2016 to 2017 they were down just 4.59%. With median sales price still climbing (an 11.40% increase year over year!), all signs still indicate that this is a seller’s market.

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Quarterly Update

Cumberland County, Maine

April-June 2017

April-June 2016

% Change Year-Over-Year

Number of Sales

1,039

1,280

-18.83%

Median Sale Price

$298,000

$267,500

11.40%

Median Days on the Market

12

15

-20.00%

Number of New Listings

1,871

1,961

-4.59%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on July 7, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period April 1, 2016 through June 30, 2016 and April 1, 2017 through June 30, 2017.

Posted on July 7, 2017 at 11:00 AM
Derek Goff | Category: Cumberland County, The Goff Report | Tagged , , , , , , ,

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