The residential real estate market report for Maine in May, what is happening on the property listing buying and selling scene today?
Like the weather, it is not quite wait twenty minutes for conditions in the local and statewide real estate market to shift radically. Aroostook County is the top "crown of Maine"' and a smaller rural real estate market that does not just deal in residential listings. Being a little ways up Interstate 95 insulates our corner of the World.
Maine land sales are a big component in our local real estate market numbers. It is not just homes or houses that are bought and sold. Marketing time extends. But prices do not spike wildly up and down in small rural Maine real estate markets. The only exception can be waterfront... because there is never enough. Only so much made of the Maine waterfront real estate flavor.
Houlton Maine is the cross roads for US RT 1, 2, 2A. Aroostook's County seat and oldest town is where I-95 connects to the Trans Canadian highway to the Atlantic Maritimes.
Small rural markets off the beaten path behave differently than the hustle bustle fast paced ones more populated areas experience. And what is listed and sold is not just homes and houses. Large population areas are colder, more impersonal and not everyone makes eye contact. We hear that observation a lot from folks relocating to small town, home grown friendly Maine communities.