Maine home prices continue to rise

AUGUSTA, Maine (WABI) – Maine house costs proceed to climb, however gross sales are easing because of lack of stock.

The worth for a single-family current house in Maine elevated 25.36 % in April 2022 in comparison with April a yr in the past.

The Maine Affiliation of Realtors immediately introduced that 1,143 houses modified arms in April 2022, a lower of 20.90 % over April of final yr.

The statewide median gross sales value (MSP) for houses offered reached $346,000.

The Maine Affiliation of Realtors signifies that half of the houses had been offered for extra and half offered for much less.

“Regardless of the constrained for-sale stock, Maine’s actual property markets proceed to be robust because of sustained demand. The variety of houses offered from January by April of 2022 is 4.5 % increased than January by April 2019 which, previous to the pandemic, was Maine’s prime yr for actual property gross sales.”

In line with the Nationwide Affiliation of Realtors, gross sales throughout the nation eased by 4.8 % in April 2022 in comparison with April 2021, and the nationwide MSP rose 14.8 % to $397,600.

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