MAINE HOME PRICES UP IN APRIL

Dated: 05/24/2017

Views: 88

MAINE HOME PRICES UP 2.78 PERCENT IN APRIL

MAINE HOME PRICES UP 2.78 PERCENT IN APRILAccording to the latest release from the Maine Association of REALTORS®, Maine home prices rose 2.78% in April.  However, the currently inventory of available homes remain low; a 13.93 % decrease in sales of single-family homes from April 2016 to April 2017.
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!

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

www.yourfuturehomeiswaiting.com

Blog author image

Frank Provencal

Frank Provencal has over 20 years of combined public service with the Maine Department of Corrections and the U.S. Army. He brings to eXp Realty the same level of confidence, dedication and attention ....