Home » Uncategorized » July Real Estate Recovery Continues

July Real Estate Recovery Continues

Single family home sales, including condos, increased statewide in July 6.6% over July of last year. Last July 1112 homes sold statewide with an average sale price of $215,900, this July 1188 homes sold with an average sale price of $215,500.

Single family home sales, including condos, increased statewide in July 6.6% over July of last year. Last July 1112 homes sold statewide with an average sale price of $215,900, this July 1188 homes sold with an average sale price of $215,500.

Penobscot County unit sales were up by 3.4% for July of this year with dollar volume up 6.2% compared with the same month last year. Sales year to date for the County increased 5.9% compared with the same period last year with the average sale price increasing 3% tot $148,200.

State wide, year to date average home sales prices decreased to $210,900 but the number of homes sold increased 16% compared to the same period last year.

Record low mortgage interest rates continue to attract the attention of many buyers who find buying more affordable than renting.

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