Maine Home Sales Increase Over 6 Percent In September

AUGUSTA (October 20, 2016)— Maine Realtors report 1,732 homes sold across Maine’s 16 counties during September 2016—an increase of 6.13 percent over September 2015. The median sales price (MSP) for homes sold reached $188,038, up 1.4 percent. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors reported a 0.6 percent rise in sales of single-family existing homes, nationwide. The national MSP reached $235,700, up 5.6 percent compared to last September. Sales in the regional Northeast jumped 5.7 percent, and the MSP rose 2.1 percent to $261,600.

“Early autumn statistics show continued stability in most markets across Maine.” says Ed Gardner, President of the Maine Association of Realtors and Broker/Owner of Ocean Gate Realty LLC. “Should sellers take their homes off the market and wait through the holidays? No – life circumstances bring a steady stream of buyers into the marketplace. Colder weather tends to bring out the more serious buyers and investors who want to take advantage of tax benefits prior to year-end.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of September only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of July, August and September of 2015 and 2016.