It was a snowy month in January and along with the snow came fewer sales and lower sales prices statewide. On average for the state, single-family real estate sales fell over 28% in January 2008 compared to January of 2007. High snow fall totals may have had some impact on this number.
The medium sales price statewide for single family homes dipped by approx. 2% to $185,000. While prices did decrease statewide some counties saw double-digit price gains like the Belgrade Lakes Region where many buyers have little need for financing.
Nationwide real estate sales were down by 22.4% this January when compared to last January and the medium sales price dipped 5.1% to $198,700.
In Cumberland County the number of homes sold fell 25.63% in the rolling quarter between Nov. 1st 2007- January 31, 2008 compared to Nov 1st 2006-January 21, 2007. Prices fell by 3.39% during this same time period.
Maine Real Estate Blog 
I am glad to see that someone else believes that the record snow fall in Maine may have some impact on our local market. I have heard a lot of gloom and doom going on this winter from fellow agents, and while I recognize the recent market stats aren’t great 1. They are not as bad as people reaction to them are and 2. I believe we’ll be seeing much better numbers once the snow melts! I for one am looking forward to a busy spring & summer!
Mindy Allen
http:/mindyallen.wordpress.com/