Maine home sales decreased 8.85% comparing May 2017 to May 2016. The median sales price (MSP) was $200,000 a 5.12% increase in that same time period. NAR reports home sales and prices increased nationally and in the northeast region comparing May 2017 to May 2016. For the complete report: click here.
Martin Cates, Designated Broker at Cates Real Estate reports, "Our market continues strong and steady. Well listed properties draw interest sometimes within hours and, for buyers, good opportunities can slip by quickly. For sellers, make sure you have a plan, talk with your professional resource. With interest rates remaining stable, we remain in a very dynamic cycle."