Maine Housing Report - May 2017

Sales Down and Values Up in May

June 21, 2017

AUGUSTA (June 21, 2017)—Lower-than-normal inventory of existing single-family homes in Maine led to an 8.85 percent decline in May 2017 sales. However, according to Maine Listings, the median sales price (MSP) for the 1,524 homes sold last month rose 5.12 percent to $200,000. The MSP indicates that half of the homes were sold for more and half sold for less