Find Your Home

Recommended Searches:

Price

Discover all that Waterville, ME has to offer. Located by the Kennebec River and about and hour and a half north of Portland on highway 95. This county is perfect if you're seeking a larger home out of the city.    If you have any questions or would like more information about a property, feel free to Contact the team. You can also Register with our site to start saving all of your favorite real estate listings.  
View All Searches

Back To Blog

MAINE HOME SALES

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).   

(continued)

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

    Comments

    1. No comments. Be the first to comment.