Maine Housing Report - January 2018

Maine Home Sales and Values Up in 2017

January 24, 2018

AUGUSTA (Jan.24, 2018)—Despite tight inventory of single-family existing homes for sale at the beginning of 2017, statewide sales volume for the year ended in positive territory, with a 0.72 percent increase. According to Maine Listings, the median sales price (MSP) for homes sold in 2017 reached $200,000, a 5.6 percent increase in one year. The MSP indicates that half of the homes were sold for more and half sold for less. Statewide sales for the month of December 2017 were up 2.02 percent while the statewide MSP increased 9.19 percent to $202,000 compared to December 2016.