Are you considering putting your house on the market? If you would like me to do a market analysis, feel free to contact me at: CJ Dubois-Cote, Prudential Prime Properties, 207-615-1663 or email@example.com.
To answer your question, prices of homes have come down just a bit from December, 2008. Since the Presidential election and the $8,000 tax credit, the markets in southern Maine have begun to stablize. Once the short sales and foreclosures are behind us, we will begin to see a steady increase. I'd be happy to answer any other questions you may have. Just give me a call or send me an email. Thanks, Cole.
Each market is different, even within Cape Elizabeth. For instance $500k+ price range is down more than $200K +/- range. We've seen a surge in sales of lower priced listings in part due to the Tax Credit. Prices at the lower end seem to have stabilized.
One of the dynamics we are seeing is the averge time on market for sold listings is much less than current listings. What that tells me is the listings that are priced right sell relatively quickly compared to those that are priced too high.
Tell me more about the specific price range, style, & location you are concerned with and I'll give you a more specifc answer. my email is michael@MainePropertySales.com