Maine Housing Report - April 2018

Real Estate Sales Dip Slightly in March; Prices Increase Over Ten Percent

April 23, 2018

AUGUSTA (April 23, 2018)—Tight inventory statewide led to a decrease in sales of Maine’s single-family existing homes last month, according to the Maine Association of REALTORS®. Realtors reported that 1,156 homes changed hands in March, and the median sales price for those homes increased 10.99 percent to $212,000, comparing March 2018 to March 2017. The MSP indicates that half of the homes were sold for more and half sold for less.