NOTABLE QUOTE: This last sentence in a Kennebec Journal editorial on 1/19/08 - “But if you’re selling one house in Maine and then buying another, the issue is a little less urgent for you. What you might lose on one end, you can make up on the other.” To read the entire editorial - http://kennebecjournal.mainetoday.com/view/columns/4671783.html
A great article came out in our local newspaper regarding the housing market in Maine. Here things are a little bit different. Home prices in Maine have actually risen. The article talks about a trend tahat highlights a disconnect in Maine: Over the past year, the number of homes sold has declined by double digits nearly every month. Despite that, median prices continued to edge up, or remain flat.
In November, home sales statewide were off more than 10 percent compared with a year earlier, but the median price – the point at which half the homes sold for more and half for less – rose more than 1 percent, to $188,000.
You can read the whole story here at The Maine Today site: http://pressherald.mainetoday.com/story.php?id=163046&ac=PHnws&pg=1