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Maine home sales and prices up double digits in March

Apr 29, 2021

Strong home buyer demand continued across Maine in March, with realtors reporting 1,313 single-family existing home sales — a sales jump of 16.81% over March 2020. According to statistics released April 22 by Maine Listings, the statewide median sales price reached $268,500, an increase of 17.79% compared to March 2020. The MSP indicates that half of the homes were sold for more and half sold for less.

“Maine residential real estate sales volume and median sold values showed continued strength during March 2021,” says Aaron Bolster, broker/owner of Allied Realty in Skowhegan and president of the Maine Association of REALTORS. “The pace in the residential real estate market continues to be rapid. For March 2021, the statewide days on market statistic was 11 days, compared to 48 days for March 2020.”

The National Association of Realtors reported a 10.4% nationwide increase compared to the March 2020 statistics. Prices also rose 18.4% to reach a national MSP of $334,500. Regionally, sales in the Northeast jumped 16.9% and the regional MSP increased 21.4% to $364,800, comparing March 2021 to March 2020.

“In this fast-moving market, homes become available for sale and are immediately met with pent-up buyer demand,” added Bolster.


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