Sales of single-family existing homes across Maine in dipped in August by 9.9% compared to August 2021. Values, however, remained high, with the median sales price for reaching $340,000, an increase of 9.7% over August 2021. While inventory levels have increased slightly in recent months, they are still below what would be considered a balanced…
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July in Maine was hot, but was the real estate market? While inventory is up slightly vs the same month in the prior year, pending home sales are down drastically. It will be interesting to see how days on market and overall sales change as we ease into fall. Feel free to reach out with…
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The housing market in Maine is beginning to feel the effects of rising interest rates. Sales of single-family existing homes declined 9.8% percent in the month of June. The statewide median sales price (MSP) reached $360,825 – an increase of 16.4 percent compared to June 2021. The MSP indicates that half of the homes were…
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