Augusta (July 21, 2016)— Home
values in Maine are rising at a healthy pace, according to statistics released
by the Maine Association of Realtors. Realtors across the state of Maine
reported 1,960 transactions of existing, single-family homes during the month
of June, leading to a sales increase of 9.62 percent in the past year. Sales
prices for those homes rose 5.49 percent to a median sales price of $198,000.
The MSP indicates that half of the homes were sold for more and half sold for
less.
The National Association of
Realtors (NAR) today announced a 3.1 increase in sales nationwide in June; the
national MSP of $249,800 represents a 5.0 price jump over the past 12 months.
Regionally, the Northeast experienced a 5.6 increase in sales and a 1.4 percent
rise in prices, to equal a regional MSP of $284,800.
Ed Gardner, 2016 President of
the Maine Association of Realtors, says, “As the data shows, real estate sales
and values continue to be strong, and conversations with Realtors across Maine
indicate continued confidence in the marketplace. New construction, including
spec homes, are more prevalent than we’ve experienced in recent years. The
‘days on market’ for sold properties has been declining during 2016, indicating
qualified buyers are making their moves.”
Gardner added, “A recent report released by the U.S. Commerce Department
stated that the value of owning a home in the U.S. has never been greater, due
to continued low mortgage interest rates and prices that have recovered and
grown since the recession. Contact your local Realtor for guidance to determine
if owning a home, with its federal and state tax deductions, is financially
feasible for your household.”
Below are two charts showing
statistics for Maine and its 16 counties. The first chart lists statistics for
the month of June only, statewide. The second chart compares the number of
existing, single-family homes sold (units) and volume (MSP) during the rolling
quarter of April, May and June of 2015 and 2016.
|
Maine Real Estate
Statistics – June 2016 Housing Report—7/21/16 JUNE ONLY CHART
June 1-30, 2015 – June
1-30, 2016
|
|
NUMBER
OF UNITS
|
MEDIAN
SALES PRICE
|
|
2015
|
2016
|
%Change
|
2015
|
2016
|
%Change
|
|
STATEWIDE
|
1788
|
1960
|
9.62%
|
$187,700
|
$198,000
|
5.49%
|
|
ROLLING QUARTER CHART
From April 1, 2015 – June
30, 2015 and
April 1, 2016 – June 30,
2016
|
|
NUMBER
OF UNITS
|
MEDIAN
SALES PRICE
|
|
County
|
2015
|
2016
|
%Change
|
2015
|
2016
|
%Change
|
|
STATEWIDE
|
4155
|
4917
|
18.34%
|
$184,000
|
$190,000
|
3.26%
|
|
Androscoggin
|
264
|
312
|
18.18%
|
$137,250
|
$149,000
|
8.56%
|
|
Aroostook
|
125
|
150
|
20.00%
|
$90,000
|
$84,750
|
-5.83%
|
|
Cumberland
|
1159
|
1266
|
9.23%
|
$249,000
|
$267,700
|
7.51%
|
|
Franklin
|
72
|
112
|
55.56%
|
$136,250
|
$125,000
|
-8.26%
|
|
Hancock
|
164
|
220
|
34.15%
|
$199,000
|
$187,500
|
-5.78%
|
|
Kennebec
|
355
|
425
|
19.72%
|
$139,000
|
$140,000
|
0.72%
|
|
Knox
|
138
|
147
|
6.52%
|
$184,500
|
$225,000
|
21.95%
|
|
Lincoln
|
104
|
157
|
50.96%
|
$167,000
|
$200,000
|
19.76%
|
|
Oxford
|
175
|
214
|
22.29%
|
$138,000
|
$148,000
|
7.25%
|
|
Penobscot
|
365
|
495
|
35.62%
|
$133,000
|
$135,000
|
1.50%
|
|
Piscataquis
|
66
|
83
|
25.76%
|
$94,500
|
$81,450
|
-13.81%
|
|
Sagadahoc
|
114
|
148
|
29.82%
|
$179,000
|
$192,450
|
7.51%
|
|
Somerset
|
111
|
146
|
31.53%
|
$84,000
|
$87,250
|
3.87%
|
|
Waldo
|
113
|
129
|
14.16%
|
$150,000
|
$162,000
|
8.00%
|
|
Washington
|
51
|
63
|
23.53%
|
$99,000
|
$85,000
|
-14.14%
|
|
York
|
779
|
850
|
9.11%
|
$231,500
|
$235,900
|
1.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
