Sales of homes in Maine
last month increased by 14% compared to the year before, while the median price
increased by 6.7% to $189,900, RE/MAX Integra of New England said Thursday.
Across New England, total
sales were up 15% from September 2014 through last month, according to the
report, which includes single-family homes and condos.
A different real estate
report, released Thursday by the Maine Realtors Association, said
sales of just single-family homes in Maine were up more than 17% in September
compared to the previous year.
Marie Flaherty, president
of the Maine Association of Realtors, said in the report that many sellers have
put their homes on the market because of renewed market confidence. Even with
new construction in Maine, the existing home market supply is below five-year
averages in many areas, she said.
Cumberland and York
counties saw the most sales of single-family homes, more than doubling the
total in any other county and growing at 20% and 12%, respectively. But other
counties saw larger year-over-year growth.
Sales in Washington
County increased by 41% from a year earlier, Lincoln County's sales increased
34% and Knox County's sales increased 32%.
"An increased
interest in purchasing second homes has helped markets beyond the city
limits," Flaherty said in the report. "Stable market conditions and
the discussion of increasing interest rates are part of some decisions as
well."
"While we're seeing the market slow down, as it typically does after the busy summer season, it's encouraging to see continued year-over-year growth as we move into the fall,"
