SOUTH PORTLAND (Sept. 19, 2013) — Buyers and sellers of Maine real estate are showing continued interest in single-family existing homes across the state. According to Maine Listings, sales jumped 20 percent in August. The median sales price (MSP) for the 1,506 homes sold last month reached $182,000—an increase of 7.06 percent. The MSP indicates that half of the homes were sold for more and half sold for less.
The National Association of Realtors today reported that single-family existing home sales across the country rose 12.8 percent in August, and the national MSP of $212,200 represents a 14.4 percent price increase. Regionally, sales in the Northeast rose 12.7 percent and the regional MSP increased 7.6 percent to $268,800.
“There’s a continued optimism in the market,” said Bart Stevens, President of the Maine Association of Realtors. “It continues to be a great time to list and sell in Maine overall, and those thinking of doing so need to consult with a Realtor knowledgeable of the local area early in the game.”
Stevens, owner/broker with Century 21 Nason Realty in Winslow, added that many Maine markets have plenty of move-in-ready inventory available. “Sellers understand the importance of staging their homes correctly, and those who prepare properly are selling faster. There are a lot of motivated buyers out there.”