Please do not leave this page until complete. This can take a few moments.
Confident buyers pushed up sales of existing single-family homes 10.78% across the state during August, while the median sales price rose 5.35%, according to numbers released Thursday by the Maine Association of Realtors.
The association said 1,840 homes changed hands across Maine’s 16 counties with a median sales price of $197,000. That’s up from 1,661 homes with a median price of $187,000 in August 2015.
The National Association of Realtors the same day reported that nationwide, existing single-family homes sales rose 0.6%, with a median sales price of $242,200, up 5.3%, over the past 12 months.
“Maine's real estate market, overall, is healthy due to continued buyer confidence and very low interest rates,” Ed Gardner, 2016 president of the Maine Association of Realtors, said in a statement.
“We are experiencing movement in all segments of the market, including seasonal properties and land parcels,” Gardner added. “We expect markets to remain steady as households and investors take advantage of the tax incentives for real estate ownership through the end of the year.”
Franklin County saw the biggest increase in sales, more than 43%, to 129 homes, up from 90 last August.
Cumberland County topped the median price with $280,000, up 9.8% from last year.
Read more
Portland real estate still hot, so where's the best place in Maine to get a home loan?
York County development reflects robust market for vacation homes
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
Comments