Maine home sales growth ahead of region
Sales of existing single-family homes and the median sales price in Maine continued to increase in March.
Maine home sales reached 950 units in March, a 6.5% increase over the 892 units that were sold the same month last year, according to the Maine Realtors Association. The median sales price last month increased 4.94% to $170,000.
“The new statistics provide further validation that we are in a stable market currently,” Marie Flaherty, president of the Maine Association of Realtors, said in a prepared statement. “Historically, healthy market price appreciation has been approximately 4% a year, which we are experiencing now.”
On a national level, home sales increased 10.9%, while the median sales price increased 8.7% to $213,500 during the same period, according to the National Association of Realtors. Sales in the Northeast increased 1.6%, while the median sales price increased 1.6% to $240,500.
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