The Coastal Packet: Maine sets another record in home sales

Thursday, January 25

Maine sets another record in home sales

Press Herald -  For the third consecutive year, Maine set a statewide record for home sales volume in 2017 with 17,633 existing single-family homes sold, an increase of 0.7 percent from 2016, according to Maine Listings data.

“Home sales … have been up annually each year except two since the historic low of 9,782 (sales) in 2008 – at which time they had declined an unprecedented 19 percent from the year before,” said Michael Sosnowski, owner and broker of the Portland real estate brokerage Maine Home Connection.

The evidence that limited inventory in southern Maine curtailed what could have been an even bigger sales year can be found in the data for York and Cumberland counties, Sosnowski said. Sales volume in York County remained practically unchanged from 2016, and home sales actually declined by 3.7 percent in Cumberland County, according to Maine Listings.

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