Home sales, prices up in May
Home sales rose more than 30% last month, and the median sales price also increased by more than 7%, according to the Maine Real Estate Information System Inc.
A total of 1,035 existing single-family homes were sold in May in Maine, a 32% increase over the same month last year. The median sales price rose 7.4% to $178,000. Realtors attributed the gains to low interest rates, and said the market is balancing out to benefit both buyers and sellers. For the last three months, March to May, York County saw the biggest home sales increase with 24.47%. Sales over the last three months dipped only in Franklin County, by 1.72%.
Nationally, home sales in May rose 10.4%, while the median price increased 7.7% to $182,900. In the Northeast, sales rose 7.3% and the median price grew 3.8% to $250,700.
Most Recent
Most Recent
Comments