2016 Year In Review Feb 25, 2017 by John Herrigel in Market News

Greetings from the land of fog/snow/ice and rain.. who wouldn't want to move here! :)


Despite it being the middle of the winter... the  real estate markets here are already off to the races with good activity levels being seen across all market segments and price points.

Here is quick 2016 snapshot housing report we put together for the regions we follow.. greater Portland, Southern and Coastal Maine

Aggregate regional prices were up about 6% and transaction volume grew 5% year over year. Portland continues to anchor the strength, but the Coastal housing market made huge gains in 2016 fueled by a strong 2nd home buyer market whilst multi unit's and investment property remain red hot  everywhere.

Here also are some sub-reports on the various regions as well!
Happy reading and we hope to help in your 2017 home buying purchase here in Maine!


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