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Maine home sales demand remains strong; prices up 7.34% in July

AUGUSTA (August 22, 2023) Single-family existing homes remain in high demand across the state of Maine. Realtors reported a 7.34 percent increase in prices in July 2023 compared to July 2022, reaching a median sales price (MSP) of $380,000. The MSP.

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Maine home sales demand remains strong; prices up 7.34% in July

Maine home sales demand remains strong; prices up 7.34% in July
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Home values up 6.5% in Maine; sales decreased 19.24% in June

The availability of single-family existing homes for sale across the state of Maine remains tighter than normal, however there are positive signs on the horizon. Home values rose 6.45% in June 2023 compared to June 2022, reaching a median sales.

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Home values continue to rise in Maine

Buyers seeking to purchase single-family existing homes in Maine continue to encounter fewer properties for sale. According to Maine Listings, prices for those homes sold increased 6.57 percent in May 2023 compared to May 2022, with a median sales.

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Maine home sales up 3.85 percent in March

Interest rates and lower-than-normal inventory led to a single-family existing home sales decline of 16.78 percent in March. According to Maine Listings, 858 homes changed hands last month, compared to 1,031 homes in March 2022. The median sales.

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