A recent analysis by the NAR Research Division states that the real estate industry accounted for $10.554 billion or 19.3% of Maine's Gross State Product in 2012. When a median priced home is sold in Maine, $17,289 in income is generated from real estate related industries and an average of $4,494 is spent on consumer items such as furniture, appliances, and home remodeling.
Economic Impact of Real Estate Activity in Maine
- By Kerry Lee Hall
- Posted