Local Real Estate Sales Fly In The Face of National Trend

Maine_Real Estate Sales_Market Update_Tru Brit Realty Group_Keller Williams Realty

Portland, Me – Real estate sales bucked the national turned last month with a double digit increase year on year for November in Maine.

Statistics released by the Maine Association of Realtors indicate a 22.68 percent jump in sales of existing single family homes in November compared to one year ago. Sales prices also continued their upward trend with the median sales price (MSP) for the state rising 4.35% to $180,000 compared to November 2014 – The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors reported a 4.6% drop in existing single-family home sales nationwide, while the national MSP increased 6.6% to $221,600 in November. On the regional front, sales in the Northeast were up 1.5% from the same month last year, and the regional MSP of $254,800 represents a 3.2% rise.

For the local picture, county by county, click here and to find out why this winter is still a good time to buy or sell real estate call us today on 207-553-2662.

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