Real estate agents have anticipated that the coronavirus might lead more out-of-state residents to relocate to Maine, but so far the numbers aren’t showing it.
home sales
Maine home sales plunged by more than 21% in May
After dropping 15% in April, sales took another tumble, all while prices inched upward because of fewer houses being on the market.
With little on the market, Maine home sales fell 15% in April while prices jumped
While the coronavirus pandemic greatly reduced sales and housing inventory, the median sales price shot upward thanks to a shortage of available homes.
Strong March home sales numbers in Maine belie market turmoil
The impact of the coronavirus pandemic on Maine’s housing market will become clearer as spring progresses.
Coronavirus plunges Maine’s housing market into uncertainty
Before the global pandemic, home sales activity in the state had been on track for another record-breaking year.
Maine home sales and prices increased in February
However, the coronavirus outbreak is now causing concerns for buyers, sellers and agents.
Maine housing market’s record-breaking year left many would-be buyers out in the cold
Sales of single-family homes in December surged by 23% over 2018, boosting both sales volume and the median sale price to new highs in 2019. And demand is even higher.
November decline hurts Maine’s overall home sales in 2019
The state had been on track for a record year before single-family home sales dropped by nearly 8% last month from the same period in 2018.
Prices of Maine homes continued to climb in October
Median prices rose 4.6 percent to $224,900, while the volume of sales ticked up only slightly over October 2018 sales.
Maine home sales set record in September
Sales of existing single-family homes increased by 11% from a year earlier, while the median home sales price increased by 6.4% to $228,750.