Home Sales and Prices on the Up and Up!

homesales

Portland, Me—Healthy real estate market conditions led to gains in both home sales and prices in Maine. Latest figures published by Maine Listings revealed a 6.5 percent upswing in sales of single family homes over the past 12 months. The median sales prices (MSP) for those homes increased 4.94 percent to $170,000. The MSP indicates that half of the homes were sold for more and half sold for less.

Nationwide, single-family existing home also rose, by 10.9 percent in the past year. According to the National Association of Realtors (NAR), the national MSP of $213,500 represents an 8.7 percent price gain. Sales in the Northeast region increased 1.6 percent and the regional MSP of $240,500 indicates a 1.6 percent rise in prices.

There were some ups and downs in both comparative home sales and the average sales price of homes from county to county in Maine. For more all the numbers statewide click here. To find out how much homes most recently sold for in your neighborhood visit www.HomesSOLDinMaine.com.

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