Persistent buyer demand for Maine real estate combined with low for-sale inventory continues to fuel a competitive market, driving sale prices higher. According to Maine Listings, February 2022 sales declined 17.33 percent compared to February 2021, while the median sales price (MSP) increased 21.48 percent, reaching $297,500. The MSP indicates that half of the homes… Read more »
Monthly Archives: March 2022
NEWCASTLE REALTY SUPPORTS LINCOLN ACADEMY BASKETBALL PROGRAM
Representatives from the staff at Newcastle Realty presented a check for $1,450 to Lincoln Academy of Newcastle, Maine in support of their high school basketball program during a home game recently. For over 15 years, Newcastle Realty has sponsored an exciting Half-Time Shoot Out program, a fun intermission fund-raising contest conducted at all home… Read more »
February 2022 Market Update
Maine real estate experienced another historic high for sales of single-family homes in the month of January. Though statistics shared from Maine Listings indicate a slight decrease of 7.2 percent in sales compared to January of last year, sales numbers are still experiencing the positive effects of COVID-19. Sales in January 2022 exceeded those of… Read more »
