Statewide sales continue to rise, pushing real estate in Maine towards a more balanced market. Statistics shared by Maine Listings report an increase of 6.81 percent for single-family existing homes, comparing November 2024 to November of last year. The median sales price (MSP) jumped 8.45 percent, reaching $385,000. The MSP indicates that half of the… Read more »
Posts Tagged: Waterfront Homes
November 2024 Market Update
Statewide inventory of single-family homes continues to fall short of buyer demand. Statistics released by Maine Listings report a 3.21 percent increase in sales for October 2024 compared to October 2023, with a total of 1,481 homes changing ownership. Statewide median sales price (MSP) increased 5.05 percent since this time last year, reaching $395,000. The… Read more »
September 2024 Market Update
Real estate sales remain steady, though the number of buyers continues to outpace for-sale inventory. Statistics shared by Maine Listings indicate a 1.66 percent increase for single-family homes sold in August 2024 compared to August 2023. The median sales price (MSP) reached $400,000 in August – a surge of 7.53 percent compared to this time… Read more »
THE WAY YOU BUY AND SELL REAL ESTATE IS ABOUT TO CHANGE
As a result of the March 2024 agreement by the National Association of Realtors to settle one of several class action lawsuits brought against them and a variety of large national real estate firms and Multiple Listing Services, things in real estate are about to change in a big way. August 17, 2024 is the… Read more »
