Falmouth Maine September 2009 Market Update

22 homes sold in Falmouth Maine for the month ending September 2009, up from 14 in September 2008 and 16 in August 2009!  Median pricing however was significantly off from a year prior clocking in at 320K compared with 475K in 2008, a 33% drop.  The lower priced homes are seeing greater volume and activity as a result of the first time home buyers credit and thus bringing the statistical pricing averages down with them.   Currenty inventory levels are around 150, down a bit from the summer.  Overall the real estate markets in greater Portland Maine are fairing better than statewide averages.