THE COASTAL PACKET
The Coastal Packet is the local edition of the Progressive Review, following Maine news and progressive politics.
Saturday, January 16
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Thursday, January 7
Covid update
Maine currently ranks 11th lowest state in per capita incident of Covid 19. Its death rate is 1.4% compared with 1.7% for the nation as a whole.
Monday, January 4
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Friday, November 20
Maine house sales up noticeably in October
Newsbreak - Maine’s real estate market remains hot, with sales of existing homes rising by double digits in October thanks to out-of-state buyers and low interest rates, according to data released by the Maine Association of Realtors on Thursday.
Statewide, 2,341 existing single-family homes sold last month, up almost 27 percent from the prior October. The median sales price at $280,000 was up almost 25 percent. The median sales price indicates that half of the homes were sold for more and half sold for less.
Maine’s lower incidence of COVID-19 compared to the rest of the country and the increase in teleworking has created more demand from out-of-state buyers, Tom Cole, the association’s president, said. Historically, about 25 percent of monthly home purchases in Maine are by out-of-state buyers. That number rose to 36 percent in October.