Maine Home Sales Set Record in 2016
PORTLAND, Maine - Maine saw a record number of homes sales in 2016, with closings on more than 17,500 single-family homes over the 12 months.
Homes sales were up almost 12 percent in 2016 and median sales prices up almost 5 percent compared to the year before..
"I believe a lot of it is due to the confidence in the economy, which has fueled the sale of single-family homes across the state of Maine," says Greg Gosselin, president of the Maine Association of Realtors.
Gosselin says a tight housing stock continues to be a challenge. However, he says there's more inventory, both new and existing, that's coming onto the market.