Maine real estate sales continue double-digit growth from 2015
2016 remains a strong year for the real estate industry in Maine, as double-digit gains in sales of single-family homes over the year before continue.
According to the Maine Association of Realtors, 1,285 homes were sold in April — an increase of 24.52% from the same month last year. In its report, the realtors’ association also noted that the statewide median sales price of $180,000 marks a 1.12% increase over the year.
“Maine Realtors report active markets with multiple offer situations, the norm for appropriately priced and well-presented homes, in many areas of Maine,” Ed Gardner, 2016 president of the Maine Association of Realtors, said in a statement. “‘For sale’ inventory levels at all price points are low, and continued low mortgage rates are fueling action by qualified buyers.”
Looking beyond the local real estate trends, the National Association of Realtors on Friday announced that home sales across the country rose 6.2% from the same time last year. The median sales price showed similar growth, as prices also rose 6.2% to $233,700 from April 2015.
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