The Maine Real Estate Information System has released December statistics. Shall we skip the spin? Unit sales of single family homes are down 10.68% from the previous year. (In December 2009 there were 852 sales–December 2010 there were 761 sales.) The median sales price is up by 4.24%.
We also have the full year comparsion. Statewide, sales are down 2.6% for 2010. A few counties that might be of interest:
Piscataquis County sales are down 2.47% with the median sales price flat–unchanged.
Somerset County sales are down 10.21% with the median sales price also down 9.58%.
Penobscot County sales are down 11.6% with the median sales price up just a bit.
You can access the complete press release here. In the interest of being observantly curious… this press release mentions “over 4600 licensees inputing data.” (I suspect that number was higher in 2009, but allow me some latitude here.) I suspect this is ultimately going to a meaningless number but it might create perspective. In 2010, there were 10,213 single family homes sold. If we assume (which we shouldn’t) there are two licensees involved in every transaction–one representing the buyer and one representing the seller–that gives us 20,426 “sides” for the year. If those sides were divided equally among licensees, each licensee would average 4.4 transactions (closings) per year.
Are your eyes glazed over? I confess I’m now tempted to use the median selling price and some sort of “average” commission rate (which there really isn’t)… but you get the idea, right?