Home » Uncategorized » April Housing Scorecard: Values Rise and Sales Remain Strong

April Housing Scorecard: Values Rise and Sales Remain Strong

The U.S. Department of Housing and Urban Development released the April edition of the Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress.

The U.S. Department of Housing and Urban Development  released the April edition of the Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress —as home values continue to rise and home sales remained strong in April—although officials caution that the overall recovery remains fragile.

HUD Deputy Assistant Secretary for  Economic Affairs, Kurt Usowski said, “The annual increase in home prices is the highest in nearly seven years and sales of existing and new homes are both up over 10 percent from one year ago…”

Sales in Maine for the month of April were up nearly 14% over the same period last year with an increase in the median sale price of just under 4%.

Cumberland County and the Portland Area had the best showing with a 30% increase in the number of single family homes sold and a 48% increase in the dollar volume of solds.
The County’s median sale price increased nearly 12% above April 2012.

Similar results for April of this year occurred in Penobscot County except a more modest increase in the median sale price of just under  2%.  The number of home sales in the County increased 26% with a 25% increase in the dollar volume.

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