Maine Real Estate Declined Year Over Year in April

The latest press release from the Maine Association of REALTORS(R) was released on the 19th of May, with quarterly comparisons from 2010 to 2011. When reviewing these numbers, one factor to consider is the homebuyer tax credit, with the deadline for claiming the tax credit requirement that you either had to buy or have a property under contract no later than April 30, 2010.

This incentive helped with stimulating the local economy in sales in 2010 and slightly skewed our numbers for that quarter.

The units sold in Knox County from 2010 to 2011 is as follows; 77 single family homes sold from February 1, 2010 – April 30, 2010, compared with 67 in the same time period in 2011, a 12.99% drop. In Knox County the MSP in 2011 was $155,000, which is down just $3,000 in twelve months.

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