EXIT Oceanside Realty Blog
After the wild ride of the past year in real estate it seems like everyone is holding his breath waiting to see what 2022 has in store. As the new year inches closer more and more economic and housing experts are delivering their predictions for what to expect in the new year.
Interest Rates
During the early days of the pandemic, the federal government took action to push mortgage rates to their lowest levels on record. This spurred homebound Americans into “one of the most competitive housing...
It’s no secret that it’s a seller’s market. According to the Maine Real Estate Information System’s (MLS) June Housing Report realtors across the state are continuing to see listings sell at a breakneck speed, often receiving multiple offers. In fact, in June homes were on the market for an average of 6 days. When compared to an average of 14 days a year ago and 13 days in 2019 it’s clear to see the advantage.
Maine has seen a 24.5% increase in the median sales price of single-family homes in...
In a press release to the media, Maine Listings reported:
MAINE HOME SALES UP 18.18 PERCENT IN JUNESOUTH PORTLAND (July 22, 2015)—Sales of single-family existing homes in Maine jumped by hefty double-digits in June. According to Maine Listings, 1,788 homes changed hands last month, resulting in an 18.18 percent rise in sales. The statewide median sales price (MSP) for homes sold during the month of June increased 1.46 percent to $187,700. The MSP indicates that half of the homes were sold for m...
