SOUTH PORTLAND (October 21, 2014)— Buyers of Maine real estate have been active this fall season, purchasing seasonal/vacation properties as well as primary homes. Maine Listings released statistics today showing that sales of single-family existing homes increased 6.58 percent in September 2014. The median sales price (MSP) hit $175,000 last month—up 1.16 percent from one year ago. The MSP indicates that half of the homes were sold for more and half sold for less.
Nationwide, sales dipped 1.9 percent while the national MSP rose 5.9 percent to $210,300. According to the National Association of Realtors, sales in the regional Northeast decreased 1.4 percent and the regional MSP of $249,800 represents a 4.8 percent increase.
Angelia Levesque, President of the Maine Association of Realtors, said, “The numbers are looking pretty steady…another sign that real estate has stabilized.”
Levesque, a Realtor with Better Homes and Gardens Real Estate/The Masiello Group in
Bangor, said a common question asked by sellers is, “Should I take my home off of the
market for the winter? Should I wait for spring to list my house? Colder weather brings
with it serious buyers—some who want to take advantage of tax breaks before next year. So rake those leaves and bring in the outside furniture and decorations. Keep curtains open to allow as much light into your home as possible. Buyers are out there, and they want to celebrate the holidays in their new home.”
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of September only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the “rolling quarter” months of July, August and September of 2013 and 2014.
Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,100 licensees inputting active and sold property listing
data. Statistics reflect properties reported as sold in the system within the time periods indicated. Contacts: Maine Association of REALTORS President Angelia Levesque (Better Homes and Gardens / The Masiello Group) – 942-6711 – firstname.lastname@example.org or Maine Association of REALTORS President-Elect Marie Flaherty (Prudential Northeast Properties) – 797-8585 – email@example.com - For more names: firstname.lastname@example.org.