Overall, the statewide medium sales price rose 5.11% from April 2016 to April 2017. Washington County had the highest increase at 68.99%, with the medium sales price of $70,950 in 2016 climbing to $119,900 in 2017. On the flip-side, Knox County had the highest decline in medium sale price from $197,500 in 2016 to $186,500 in 2017, a decline of 5.57%.
“Low inventory is impacting potential sellers as well. Some are hesitant to list their homes without a suitable ‘next step’ to move into, but now is a great time to work with your REALTOR® to navigate the real estate market, whether you are on the selling end or buying end of the transaction", states Greg Gosselin, 2017 President of the Maine Association of REALTORS®.
Even with fewer homes on the market, it is still a great time to buy or sell a home. Gosselin added, “The basics continue; families need someplace to live, interest rates continue to be historically low, and owning your own home and real estate is one of the best ways to build your net worth over the long term.”
We believe that finding the perfect home is just the start. With a strong referral network of inspectors, mortgage brokers and closing attorneys the process of purchasing your next dream home is made much easier.You can use the property search and select the features you know you want in your next home.
When you’re ready we can schedule tours to view homes and be your local tour guide. If you’re moving to the area our local experts can help make travel, relocation, and moving arrangements. Let us help guide you through the process of buying or selling your home.
We pride ourselves on accessibility, product knowledge and expertise. Let us know how we can exceed your home buying expectations today!
Looking to buy or sell a home in Maine. Call Frank Provencal, REALTOR® today! 207-809-3948
Trust eXp Realty and our team of real estate agents to help you find homes for sale in Maine or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."