Has the Maine housing market finally recovered?

How is the Maine housing market?

Everyone  wants to know how the Maine 2012 housing market is doing?  Its been a years since we can honestly say things are looking up.  It seems that there are more buyers than there are properties in many areas which in most cases is causing multiple offers and sometimes properties are selling for more than their asking price.

I always tell my client’s that the buyer’s set the price on their home. You are better off positioning your home at the price where properties are pending than trying to be overzealous  and positioning it too high.  Buyer’s are well educated and when your home is priced too high all they see are the negatives. In the long run you end up getting less for your home because it sits on the market for longer than it should.

The Willard Beach area and downtown Portland are two of those areas with a supply and demand problem.  If you have a home that is priced correctly and shows well your agent may be able to get you out of what you thought was a negative equity situation.

If you have questions about the Maine housing market or specific neighborhoods/locations in the Southern Maine area that are experiencing a “mini boom” feel free to contact us. We are happy to do a complimentary market analysis on your home!  You also may qualify for $500.00 cash back at closing. Contact us for more details or visit our Ask Townsend page and send in an anonymous question and one of our experienced agent will get right back to you.

 

Current Greater Portland Maine housing Market statistics:

Portland Metro Median List Price

Maine housing market report

 

Friday Five: The Housing Recovery See-Saw

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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®

Links and Blogs pertaining to the Maine housing market:

Maine MLS

Housing Market Hits Bottom Says Zillow Brendan Fontaine

Housing Market Hits Bottom Says Zillow Posted 25 Jul 2012 12 15 AM PDT Click the post title above to Continue reading Brendan Fontaine Maine Mortgage Banker Broker 207 514.0855. NMLS 102571.…

The Housing Market Crash and Recovery Maine Real Estate

News articles and advice for Maine real estate licensees loan officers and all professionals who assist the consumer in the real estate transaction.…

Former Maine Senator Holds a Public Forum on Housing WABI TV5

Former Maine Senator George Mitchell led the fourth and final Public Housing Forum at the College of the Atlantic in Bar Habor. Mitchell says rebuilding the housing market is what will help the economic situation. Housing.…

Will Speculators Rescue the U S Housing Market The Market

7. Stock Market Intermediate Target In Sight Calm Before the Storm Andre Gratian. 8. Opacity and Credit Default Swaps No Access for Spain Denver Maine and Carlsbad John Mauldin. 9. Super Mario But for the past year real estate speculators and investors have been playing a perhaps heroic role by diving back in on expectation that the real estate market is bottoming. They may even be single-handedly creating the conditions themselves that have them.…

New Deal

construction standards helped open up the housing market to more Americans. Against the background of the 2007 2012 global financial.…

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