Single Family Home Sales Continue To Climb!
In a press release by the Maine Association of Realtors:
Sales of single-family existing homes in Maine continued their upward climb during the month of February. Maine Listings reported a 21.72 percent jump in sales over the past 12 months. The median sales price (MSP) of $160,000 reflects a slight price decline of 4.42 percent. The MSP indicates that half of the homes were sold for more and half sold for less.
Nationally, sales of single-family existing home sales increased 2.0 percent, and the national MSP rose 4.3 percent to $212,300 in February. According to the National Association of Realtors, the regional Northeast experienced a 5.0 percent sales jump in the past year, while the regional MSP eased 0.8 percent to $239,700.
Ed Gardner, 2016 President of the Maine Association of Realtors, says, “If you're thinking about buying this spring, consult with a REALTOR® who has unique local market knowledge and insights that can't be replicated by online searching.”
Gardner, Broker/Owner of Ocean Gate Realty LLC, added, “Let your REALTOR® help you make a smart decision and be your resource through the home buying process. With a REALTOR® by your side, you will be empowered to buy your greatest investment, with knowledge and competence.”