Maine home sales and values remain healthy

AUGUSTA — Single-family existing home values in Maine continue to rise, and sales have remained in healthy territory.
Maine Listings today reported 822 homes changed hands in February, an increase of 5.93 percent compared to February 2017.

The median sales price for homes sold reached $194,450, up 8.03 percent.
“Realtors across Maine report brisk activity and multiple offer situations in most markets,” said Kim Gleason, president of the Maine Association of Realtors and broker/owner of McAllister Real Estate in Hallowell. “If you’re considering a move, early spring is the perfect time to spruce up your property, inside and out, to maximize its value and marketability.”
According to the National Association of Realtors, sales of single-family existing homes nationwide were up 1.8 percent in February, and the national MSP of $243,400 represents a 5.9 percent increase from February 2017.
Regionally, February sales in the Northeast dipped 7.2 percent, while the regional MSP increased 3.6 percent to $258,900 compared to February 2017.