SOUTH PORTLAND (November 20, 2014)—Impressive, double-digit real estate sales increases were recorded last month across the state of Maine. According to Maine Listings, statewide single-family existing home sales jumped 26.24 percent last month, compared to figures from October 2013. The median sales price (MSP) for those homes eased a very slight 0.71 percent to $175,000. The MSP indicates that half of the homes were sold for more and half sold for less.
The National Association of Realtors released statistics indicating a 2.9 rise in
October’s national single-family existing home sales. Sales prices across the country were up 5.6 percent to a national MSP of $208,700 last month. Regionally, the Northeastern United States witnessed a sales increase of 4.4 percent, and the regional MSP rose 1.2 percent to $246,900.
Angelia Levesque, President of the Maine Association of Realtors, said, “The rise in units sold seems to echo was I’ve been hearing from Realtors all across the state. Many buyers hoped to be settled into their new homes before winter, so Realtors have been very busy showing their clients options.”
Levesque, a Realtor with Better Homes and Gardens Real Estate/The Masiello Group in Bangor, has also seen “steady activity in the marketplace currently. I’m optimistic that 2014 will end positively, and interest will continue throughout 2015.”
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of October only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the “rolling quarter” months of August, September and October of 2013 and 2014.