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Knox County housing market continues to be hot

Job picture brightens, according to labor figures
By Stephen Betts | Nov 20, 2020

The Knox County housing market continues to be red hot, according to the latest update from the Maine Association of Realtors.

A separate report from the Maine Department of Labor shows a continued improvement in the jobs picture.

For the three months ending Sept. 30, there were 249 sales of single-family homes in Knox County. This is an increase of 39% (70 more sales) for the same period in 2019.

The median price of those homes are also up sharply. For the July 1 to Sept. 30 stretch this year, the median price of single-family homes sold in Knox County was $265,000, up 13% ($30,000) from the same period in 2019.

Statewide, the number of sales were up 16% and the median price jumped 17%, reaching $265,500.

The housing report was released Nov. 19.

On Nov. 19, the Maine Department of Labor released the October unemployment rates.

Knox County's rate was estimated at 4.3%. This is down from 5% in September and well below the 11.7% in April when many businesses were ordered to close due to the COVID-19 outbreak.

The October rate of 4.3%, however, was nearly double the October 2019 rate of 2.2% and the highest October rate in Knox County since 2013.

There were 18,850 people working in Knox County during October with 850 officially considered unemployed.

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Comments (3)
Posted by: Stephen K Carroll | Nov 24, 2020 08:22

Wish I could sell my place so I could afford a condo next to Grima at the south end silos.

Posted by: Stephen Betts | Nov 22, 2020 08:07

How so?

Posted by: Gwen D Fraser | Nov 22, 2020 02:35

This article is deceiving.

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