FOR IMMEDIATE RELEASE - FROM MAINE ASSOCIATION OF REALTORS 

SALES JUMP 35.68 PERCENT;
PRICES UP 17.05 PERCENT 

AUGUSTA (May 21, 2021)—Highly motivated buyers of single-family existing homes continue to pursue Maine real estate options. Statistics released today by Maine Listings show a 35.68 percent sales leap in April 2021 compared to April 2020. The statewide median sales price (MSP) reached $276,000—an increase of 17.05 percent comparing April 2021 to April 2020. The MSP indicates that half of the homes were sold for more and half sold for less. 

“Maine’s residential real estate market continues to be fast-paced,” says Aaron Bolster, Broker/Owner of Allied Realty in Skowhegan and 2021 President of the Maine Association of REALTORS®, “The April 2021 statistics released today reflect a comparison to one year ago, when the state of Maine was in COVIDshutdown status. Last month’s sales volume was strong—13 percent above the pre-pandemic April 2019 figures. 

“As homes come onto the market, buyers are waiting and ready,” added Bolster. “Statewide, the Days on Market for April 2021 was eight days, compared to 25 days one year ago, and 46 days in 2019.” The National Association of Realtors reported strong year-over-year sales of single-family existing homes in April. According to NAR, sales were up 28.9 percent nationwide, and the national MSP rose 20.3 percent to reach $347,400 Comparing April 2021 to April 2020. Regionally, the Northeast experienced a significant sales boost—a 30.4 percent volume increase—while the regional MSP increased 22.0 percent to $381,100 over that same time period. 

“We expect that improving COVID metrics and back-to-the-office vs. telework decisions may help stabilize the market urgency and upward pricing pressures that we’re experiencing. A REALTOR® is your best resource to navigate these market conditions, whether you’re selling or buying.” 

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of April 2020 and 2021 only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling three months of February, March and April (2020/2021).   

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Earth Day 2021.

Our ambitious Realtors teamed up to tackle clean up at one of our local cemeteries; Pine Grove Cemetery, a 32 acre parcel in Waterville! It was a family affair, including spouses, children and grandchildren! We even had an extra helping hand from our KVBR President, Jeff Harris!

The kids had a friendly competition of finding the biggest broken branches, a group searched the perimeter for trash & debris while the rest of us focused on raking and bagging up leaves! 

It was a massive job to tackle, and although we didn't get everything accomplished, together we made a dent. Our hard work was rewarded with Gifford's afterwards. Mmmm, ice cream! 

All in all it was a productive afternoon leaving us with happy hearts & full bellies.
 

"Alone we can do so little; together we can do so much." – Helen Keller
 

Want to make an impact? Here are some simple ways to celebrate Earth Day, every day! 

HANG UP THE KEYS. Instead of driving, consider walking or biking. The weather is only improving here in Maine; take the opportunity to get some fresh air! 

REUSE. RENEW. RECYLE. Repurpose household item. Contact your town to see if they have a recycling program, every little bit helps. 

DITCH THE PLASTIC. A simple place to start is reaching for a reusable water bottle versus bottled water. Swap out plastic grocery bags to reusable totes or bags. 

Things are only getting HOTTER! We are already half way through summer but the market is still HOT!

If you've considered selling your home in the past year and recent months; now is the time to do so. Inventory is at an all time low, rates are historically low as well and with that home buyer demand is back! 

Check out what this recent Realtor.com article with 6 Reasons Why This Is Actually the Best Time in Years To Sell a House.

home | /hom/ | noun: the place where one lives permanently, especially as a member of a family or household. 

Welcome to our first ever BLOG! 

We look forward to making this the best resource for information about real estate, our local area, and current topics that impact you. Please feel free to comment on our posts if you have questions or reactions to share. If there is anything you'd like to see us write about, we'd love to hear your ideas.

 

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