Please do not leave this page until complete. This can take a few moments.
The year is off to a strong for Maine’s housing market, as the median price for home sales in January was 5.26% above a year earlier.
According to Maine Listings, the median sales price statewide for homes sold last month was $200,000, up from $190,000 in January 2017.
“Buyers are anxiously awaiting the increased for-sale inventory that spring traditionally brings,” Kim Gleason, broker/owner of McAllister Real Estate in Hallowell and 2018 president of the Maine Association of Realtors, said in a statement.
She attributed the 17% drop in for-sale inventory compared to last year to a strong winter selling season.
“Now is a great time to list your property,” she said, “because buyers are searching for homes in anticipation of spring. Realtors are reporting that multiple offer situations are common in areas that are at full employment. In Maine’s rural areas, buyers are more cautious, but they are finding great values.”
Nationwide sales dipped 4.8% last month from a year earlier. The National Association of Realtors on Wednesday said the national median sales price in January was $241,700, a 5.7% increase over a year earlier.
Regionally, sales in the Northeast fell 7.6% while the regional median sales price of $269,100 is 6.8% above a year earlier.
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