Maine home sales and prices double digits in March 2021 wiscassetnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiscassetnewspaper.com Daily Mail and Mail on Sunday newspapers.
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
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.
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State Rep. Christopher Kessler is sponsoring a bill that would add a fee to short-term rentals and vacation homes that are vacant more than six months of the year to help fund affordable housing programs. Kessler’s district includes parts of Scarborough and South Portland, where in Thornton Heights, an affordable housing development seen at right is being built across from motels that frequently are used as housing for the homeless.
Gregory Rec/Staff Photographer
Some Maine lawmakers want to impose new fees on wealthier property owners who own vacation homes or operate short-term rentals and use that additional revenue to increase affordable housing.
Bill would impose new fees on vacation homes, short-term rentals pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.