2016 Sets “Highest On Record” Sales Bar

record-high-sales-Tru Brit Realty Group_Keller Williams Realty

PORTLAND, ME – The number of real estate transactions in Maine last year was the highest on record according the Maine Association of Realtors. 17,507 reported sales in 2016 is the largest number in the 18 years since the compilation of sales data began.

Latest statistics from Maine Listings also reveal an 11.71% increase in the number of homes sold over 2015 with a rise in the median sales price (MSP) of 4.93% to stand at $189,400. The MSP indicates that half of homes were sold for more and half sold for less.

Statewide sales last month were up 11.06% over December 2015 with an increase in the MSP up by 4.08% year on year to $185,000.

The National Association of Realtors announced a 1.5% sales increase during December nationwide. The national MSP rose 3.8% to $235,000. Regionally, in the Northeast sales were up 2.7% but the MSP dipped by 3.8%, down to $245,900.

Check out the Maine home sales trends county by county

Leave a Reply

You must be logged in to post a comment.