Maine Home Sales Start New Year On A High!

Wednesday, February 24th, 2016

Portland, ME – Home sales in Maine started the new year on a high with brokers across the state reporting a 13.5% rise in sales of existing single family homes when compared to January 2015. The latest figures come via Maine Listings which also reveal a year-on-year increase in median sales price (MSP) up by […]

Local Real Estate Sales Fly In The Face of National Trend

Wednesday, December 23rd, 2015

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 […]

Clock is ticking down on rise in interest rates – What it means for real estate

Friday, December 11th, 2015

Portland, ME: The clock is ticking down on a likely hike in interest rates by the Feds, the first such increase since June 2006 and one which will surely trigger a rise in mortgage interest rates. The commentary below is provided by local lender Casey Hamlin, Branch Manager/Loan Officer at Northpoint Mortgage: “The state of the […]

Home Sales Report Delivers Mixed Message

Tuesday, November 24th, 2015

Portland, ME: National sales up, Maine sales down but certain counties buck the statewide trend, that’s according to the latest home sales report from Maine Listings. The statistics compare numbers for last month compared to October of 2014 and the same report reveals an increase in the median sales price (MSP) for existing single family homes year-on-year […]

Latest figures reveal impressive jump in number of home sales

Saturday, October 24th, 2015

PORTLAND, ME: The number of home sales in Maine jumped significantly in September when compared to the same month last year. Latest figures from Maine Listings showed a double digit increase statewide, up by 17.16%. Meanwhile, the median sales price (MSP) for homes sold last month also rose by 5.97% year on year to stand […]

Home Sales and Values Up according to latest industry report

Tuesday, September 22nd, 2015

Portland, Me:  Home sales in Maine rose by 6.89% in August when compared to the same month last year. The average sales price of homes was also up – the median sales price (MSP) stood at $187,000, a 4.91% increase on August of 2014. The latest figures are contained in a report released by Maine […]

Maine Home Sales Up 20% in July

Saturday, August 22nd, 2015

Portland, Me –Home sales continue to rise at a good pace across the state of Maine in July. Realtors sold 1,749 existing homes single family homes last month, according to Maine Listings – a 20.21 percent increase on July of 2014. The statewide median sales price (MSP) for homes sold in July 2015 was $188,900—an […]

Maine Home Sales See Spring Spike

Thursday, July 23rd, 2015

Portland, ME – Maine home sales experienced a hefty double digit spike in June, a reflection of an industry-wide busy spring season. Figures released by Maine Listings show 1,788 homes changed hands last month, an 18.18% rise in sales statewide when compared to the same month of last year. The median sales price (MSP) for […]

Latest Home Sales Figures Point To Strengthening Real Estate Market

Tuesday, June 23rd, 2015

Portland, Maine: Price increases and another rise in the number of home sales further pointed to a stabilization in the real estate market in Maine according to latest figures from Maine Listings. Sales year-on-year for last month were up statewide by 2.53 per cent for a total number of existing single-family homes sold in May […]

Rising Rents Prompts The Question: Is It Time To Buy?

Tuesday, June 23rd, 2015

Portland, Maine: With continuing rising rents while interest rates remain low it could be the right time if your renting to ask, is it time to buy? The chart below shows a cost comparison for a renter and a homeowner over a 7 year period. The renter starts out paying $800 per month with annual increases […]