Real estate agents, lenders and local and state government agencies need to work together to help families move forward.
home sales
Maine home sales jump 23%, driven by out-of-state demand
The median price of Maine homes sold in September was $273,500 – an increase of 19.6% from the same month a year earlier.
Maine home prices up 17% as sales to out-of-state buyers increase
Tight inventory and historically low interest rates continued to push Maine home prices upward in August.
Maine homes sales, out-of-state purchases increase in July
Homes also got more expensive, with the median sales price increasing by nearly 11 percent from a year earlier to $254,900.
Homebuyers from away aren’t flocking to Maine … yet
Real estate agents have anticipated that the coronavirus might lead more out-of-state residents to relocate to Maine, but so far the numbers aren’t showing it.
Maine home sales plunged by more than 21% in May
After dropping 15% in April, sales took another tumble, all while prices inched upward because of fewer houses being on the market.
With little on the market, Maine home sales fell 15% in April while prices jumped
While the coronavirus pandemic greatly reduced sales and housing inventory, the median sales price shot upward thanks to a shortage of available homes.
Strong March home sales numbers in Maine belie market turmoil
The impact of the coronavirus pandemic on Maine’s housing market will become clearer as spring progresses.
Coronavirus plunges Maine’s housing market into uncertainty
Before the global pandemic, home sales activity in the state had been on track for another record-breaking year.
Maine home sales and prices increased in February
However, the coronavirus outbreak is now causing concerns for buyers, sellers and agents.