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Maine home sales jump 35 68 percent; prices up 17 05 percent

Home prices surge in York ME seller s market: People want to be here

YORK, Maine Jeff Jellison, a York native with more than 20 years of experience in real estate, said he hasn t seen anything quite like today s local housing market. Demand has been exceptionally high in recent months, and the inventory in York is at an unprecedented low, spurring rapid-fire deal-making in an environment that clearly favors sellers, he said. Any time a nice house comes on the market, there s a mad dash for it, said Jellison, a broker and residential real estate developer with Century 21 Atlantic Realty. That demand is just going to continue .  it can t level out until the inventory starts to rise, he said.

More homebuyers in Maine interested in rural communities, others selling to take advantage of the hot housing market

More homebuyers in Maine interested in rural communities, others selling to take advantage of the hot housing market Houses keep flying off the market, home sales in March were almost 17% higher than the same month last year. Author: Hannah Yechivi (NEWS CENTER Maine) Published: 8:56 PM EDT April 26, 2021 Updated: 8:56 PM EDT April 26, 2021 NORRIDGEWOCK, Maine Houses keep flying off the market throughout Maine. Home sales in March were almost 17 percent higher than the same month last year. Low supply and high demand is also driving up prices. Maine Association of Realtors President Aaron Bolster said the number of days houses spend on the market keeps dropping, even in the most rural parts of Maine. 

March showed no signs of slowdown for Maine housing market

March showed no signs of slowdown for Maine housing market Sales prices and the number of homes sold soared across the state in the first three months of the year, which one housing market leader called astounding. Share Maine’s housing market continued its red-hot streak last month, with sales of existing homes and prices showing double-digit increases compared with a year earlier. Soaring prices and huge numbers of transactions in the first three months of the year in Maine are flipping conventional wisdom on its head, and sales trends as well. More than 1,300 homes were sold statewide in March, a nearly 17 percent sales bump compared with the year before. The statewide median sales price increased by almost 18 percent compared with a year prior to reach $268,500, the Maine Association of Realtors reported Thursday. The median indicates that half of homes sold for more money and half sold for less.

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