Maine Real Estate Market Update - The numbers are in!

By
Real Estate Agent with Better Homes & Gardens | The Masiello Group

MAINE REAL ESTATE SALES UP 20 PERCENT; PRICES CLIMB 7.06 PERCENT IN AUGUST


This is the headline of the latest press release from the Maine Association of Realtors.  However, as you can imagine, headlines (and even some statistics) don't always tell the full story.  So what do the latest figures mean to you?

Most Maine counties saw an increase in both the number of sales and the median sale price for this past quarter when compared to the same period last year.  This does give indications that our real estate market is strong and on it's way to recovery.  However, an increase in the median sales price does not necessarily indicate that prices have gone up.

Here in Androscoggin county, when we dig a little bit deeper, we see that prices are holding, but the increase in median sales price can actually be attributed to an increase in the number of homes in the upper price ranges selling.  Over the last 2 years, sales of homes above $250,000 were not strong.  This year, we have seen a dramatic increase in sales of homes in this price range, which has pulled up the median sales price for the area.  The market is hopping though, and we have seen a dramatic increase in the number of home sales in all price ranges.

Below are the quarterly stats for each county and you can view the  press release here.  To get a complete picture of your home's current value, please give me a call and I would be happy to run a thorough analysis for you.

Maine Home Sales Report

Posted by

The Maine Real Estate Network - Kristen Wheatley - Lewiston-Auburn Maine Real Estate

Maine Realtor Kristen Wheatley  

Kristen Wheatley is a Maine Realtor working and living in Central Maine.  She specializes in the sale of residential and investment property in the Lewiston-Auburn area and surrounding towns.  Kristen uses the latest tools and mobile technology to provide a superior experience and results for her clients and enjoys sharing these technology skills and teaching other real estate professionals and local small business owners.

The Maine Real Estate NetworkKristen Wheatley, Associate Broker
The Maine Real Estate Network
34 Center Street - Auburn ME 04210
mainehomeseller@gmail.com
207-240-2250     www.lamainerealestate.com

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