It's been ranked as one of the best places to live in the United States. Despite this ranking Auburn, Maine, has still seen sales decrease by 11 percent since last year -- a downward trend felt in much of the nation.
Auburn, a 20,000 person town, part of the second-largest metropolitan center in the state, has seen commercial real estate take healthy steps due to an "ambitious downtown revitalization plan." Job growth is over 4 percent and median family incomes are reported near $50,000 a year.
What do local experts have to say of this Maine market? Sheryll Gregory of Homestead Realty reports, "This is a correction period. ... fears will subside and we will return to business as usual."
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Published: November 14, 2007
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