Monday, September 6, 2010

Westbrook Housing Market: Sales Down, Prices Up

Coastal and Southern Maine Homes:
The [Westbrook residential] market saw 10
transactions close in August 2010, down 41% from August 2009 and down 41% from
July of this year. Median pricing clocked in at 196K, up 6% from 2009 and up 26%
from July 2010. Prices in Westbrook continue to stabilize, but the summer season
was very sluggish compared with the strong spring we experienced.
- John C.L. Morgan

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