We'll folks, I've gotten so many questions in the last few days regarding the Real Estate market in
Maine that I thought I'd share some statistics with you. To sum it up....the market is active and houses
are selling! A report published by the Maine Association of Realtors revealed the following......
Sales of Maine single-family existing homes rose 62.95 percent in April 2010 compared with April 2009. According to the Maine Real Estate Information System,
Inc. (MREIS), Realtors sold 994 homes in April 2010; and the statewide median sales price (MSP) for
homes sold increased 3.41 percent to $165,450 from April 2009. The median sales price indicates
that half of the homes were sold for more and half sold for less.
The end of the federal home buyer tax credit definitely contributed to strong sales figures in April 2010!
In comparison, the National Association of Realtors (NAR) reports a 20.5 percent nationwide increase in
single family home sales in the same time period. The national MSP rose 4.5 percent to $173,400 in April.
In the regional Northeast, sales were up 41.6 percent and the MSP of $243,000 reflects an increase of
2.1 percent.
So there you go....proof that the market is on the upswing! But Maine is so much more than cold hard
sales figures......it's close-knit communities, pristine beaches, crystal waters, majestic mountains, and hard
working people. It is definitely "The Way Life Should Be!" If you'd like to find a property in Maine or are
interested in learning more about our area, contact The Hershey Home Team!
Comments(4)