Maine Home Sales and Prices Up In February

Months of steady sales reports indicate stabilization in Maine's single-family existing homes market. According to Maine Listings in a press release, realtors sold 13.31 percent more homes in February 2015 than February 2014. The median sales price increased 4.62 percent to $167,400 for that same time period. 

Nationally, single family home sales rose 5.9 percent in February. Nationally, single family home sales rose 5.9 percent in February. The National Association of Realtors reported a nationwide increase of 8.2 percent to $204,200. The regional Northeast experienced a 3.6 percent rise in sales, while prices jumped 3.3 percent to $241,800.

Marie Flaherty, 2015 President of the Maine Association of Realtors said, "The slight increase in pricing (less than two perceent in the rolling quarter chart) is a reflection of market stability. It is important to note that this is an indication of how cautios buyers have been, compared to past recovering markets."

For full article go to Maine Association of Realtors  website.