Maine home sales and prices double digits in March 2021
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Strong home buying demand continued across Maine in March, with Realtors reporting 1,313 single-family existing home sales a sales jump of 16.81% over March 2020.
According to statistics released this week by Maine Listings, the statewide median sales price reached $268,500, an increase of 17.79% compared to March 2020.
The median sales price indicates that half of the homes were sold for more and half sold for less.
“Maine residential real estate sales volume and median sold values showed continued strength during March 2021,” Aaron Bolster, broker and owner of Allied Realty in Skowhegan and president of the Maine Association of Realtors, said in a news release. “The pace in the residential real estate market continues to be rapid.”
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.
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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.