Without making too much fun of the spin placed on November Maine Real Estate Information System (MREIS) statistics, it’s exciting to note that Piscatquis County’s rolling quarter average is once again bucking the state and national trend. Unit sales from September 1 through November 30 were up nearly 10% for 2010 versus 2009. The only other counties in Maine showing positive numbers were Franklin (4.29%) and Lincoln (1.01%). As noted last month, we’re not talking huge numbers here, but it’s still pretty exciting!
Statewide the number of units sold is down nearly 24% for the month of November. The spin doctors are focusing on the fact that the median price continues on an upward trend and claiming this indicates some stabilization of the marketplace.
Perhaps ironically, Piscataquis County continues to buck the trend with a 20% decrease in the median price during the rolling quarter cited. This suggests there is an increase in the number of lower priced properties being sold.
If you promise to remember that this is a huge county, I’ll share another generality regarding the state of affairs. As of this morning, Piscataquis County shows 427 active listings on MREIS (aka Multiple Listing). These are residences of some sort—we’re not talking any land parcels. In the past six months there have been 93 sales. That’s not great, but it’s not horrible either. And it’s actually an improvement. During the previous six month period there were only 70 sales. If we ignore seasonality, unit sales in Piscataquis County are up nearly 33% for the second half of the year!
It might not seem that way if you have an unsold house on the market, but there are properties selling and there is reason for hope!