Maine Association of Realtors

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If price is your goal, this may be a good time to sell a home in Maine. The Maine Association of Realtors is reporting that home prices this August jumped 17% over August one year ago.

Fred Bever / Maine Public

The pandemic has taken a bite out of Maine's seasonal rental and hotel markets, but it is not hurting real estate prices at all. There is growing anecdotal evidence that, as happened after the 9/11 terror attacks, urban dwellers from out of state are snapping up properties in Maine. That is not yet showing up in the latest data, but prices are on the rise, and industry experts expect that that will continue as more people decide to move to Maine.

The average rate on a 30-year fixed mortgage has hit a record low, driven down by investors shifting money into the safety of U.S. Treasurys as the new coronavirus outbreak deepens.

Real estate sales for January 2020 are the highest they have been in 20 years, according to the Maine Association of Realtors.

Sales of single family homes in Maine were up 8 percent in October compared to the year before.  The median sales price for those homes was also up.

That's according to the Maine Association of Realtors.  The trade group says the median sales price last month was $205,000, 6.5 percent more than in October, 2016.    

Maine Association of Realtors President Greg Gosselin says while the inventory of homes for sale is still at historic lows, it is improving, though it might have leveled off in October.

SOUTH PORTLAND, Maine - Home sales in Maine surged in June, according to a real estate trade group. The Maine Association of Realtors' survey found that sales of single-family existing homes jumped more than 18 percent, compared with June of last year.

That pushed the median sales price up by 1.46 percent, to $187,700, the group says. The median price means that half the homes sold for more and half for less.

Maine Home Sales Rise in September

Oct 21, 2014

aine home sales rose nearly 7 percent in September, compared with sales the same month last year.  The Maine Association of Realtors says 1,393 existing single-family homes were sold in Maine this September, compared with 1,307 in September of 2013.

The median sales price also rose 1.16 percent over the same period, rising from $173,000 to $175,000. The median price means half the homes sold for more and half for less.