According to the Maine Association of Realtors, March Press Release prices are continuing to raise while the number of units sold are down from the previous year. The National Association of Realtors is also seeing existing home sales and median sales prices were down nationally and in the northeast in the same time period. Houses listed for sale are still low at the moment, but historically, things tend to pick up as we get further into spring.
Number of Units Sold (February 2022 – February 2023 Statewide)
2022 – 878
2023 – 708 (19.36% decrease)
Median Sales Price (February 2022 – February 2023 Statewide)
2022 – $297,500
2023 – $ 329,250 (10.67% increase)
For more information on what’s happening in the market or in your specific county, reach out to your Realtor or call us for more information.