The Coastal Packet: Maine house sales soar

Saturday, May 21

Maine house sales soar

Press Herald - Sales of existing, single-family homes in Maine increased by nearly 25 percent in April compared with a year earlier, a huge improvement over the year-over-year performance in April 2015. According to the Maine Association of Realtors, 1,285 homes were sold in April – an increase of 24.5 percent from the same month a year before, although prices remained relatively flat. In April 2015, sales were hampered by a relentless winter that dampened home-buying activity. Prices overall have not kept pace with the increased volume of sales. The statewide median sale price of $180,000 reflected only a 1.1 percent increase from a year earlier. The median price indicates that half of the homes sold for more and half sold for less.

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