Real estate sales in Maine were back on track last month, after weather in February caused a temporary slow down.
Real estate sales in Maine were back on track last month, after weather in February caused a temporary slow down. According to statistics released by Maine Listings, Maine’s statewide MLS, sales of single-family existing homes jumped 8.34 percent in March 2013, compared with sales from the same month, one year ago. The median sales price (MSP) for the 792 homes sold rose 6.25 percent to $170,000. The MSP indicates that half of the homes were sold for more and half sold for less.
Bart Stevens, 2013 President of the Maine Association of Realtors, said, “After one slow month in February, the real estate market continues to pick up steam. Buyers are out in full force. In most areas of the state, inventory is still acceptable—but the market is clearly shifting. The lack of inventory for buyers is not severe yet, but it is approaching that stage. Properties going under contract are selling for much closer to asking price than we have seen in quite some time.”