The Goff Report – Cumberland County, Maine, November 2017

Local Market Update for Cumberland County, Maine

September through November saw similar year-over-year increases to August through October. Sales are still up from a year ago, as is the median sales price and number of new listings. Seller’s still have an advantage in this market, though the median sales price increase of 5.09% is lower than the ~7% we’ve seen for most of the year. Stay tuned for next month, where I will compile statistics for all of 2017 for a year in review!

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Rolling Quarter Update

Cumberland County, Maine

September-November 2017

September-November 2016

% Change Year-Over-Year

Number of Sales

1170

1092

7.14%

Median Sale Price

$278,500

$265,000

5.09%

Median Days on the Market

19

22

-13.64%

Number of New Listings

1172

1093

7.23%

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 December 8, 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 September 1, 2016 through November 30, 2016 and September 1, 2017 through November 30, 2017.

Posted on December 14, 2017 at 10:29 AM
Derek Goff | Category: Cumberland County, The Goff Report | Tagged , , , , , , ,

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