Single Family Home Sales Rise Cumberland & York County
Oct 17, 2017 in Market News

For the month ending September 2017 both Cumberland County and  York County saw prices increase with a 10% year over year gain in York & a solid 3.7% gain for Cumberland.

Total sales volume was also up a whopping 20% in Cumberland County with 400 single family homes selling for a combined sales volume of $163 million compared with 369 for $128 million in September 2016. York County volume was relatively flat and down 2.7% year over year.

What does this all mean?  Demand for single family homes still remains strong in the entire region with interest rates low and Buyer & Seller confidence high.

As we enter the slower winter season only time will tell if this trend of rising prices & volume will continue or if we are in for a correction.

Disclaimer: “Based on information from the Maine Real Estate Information System, Inc. for the period (10/1/16 through 10/30/17 ). Provided by an individual user of MREIS. MREIS has not reviewed the contents and does not make any representations, warranties or guarantees regarding the accuracy, timeliness or completeness of any statistical information and data provided.” Rev 8.06

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