home sales Archives - The Portland Press Herald

Maine home prices keep rising while limited inventory slows sales

The real estate market figures for March show a continuation of the pattern in sales and prices caused by a tight supply of homes on the market.

Sales statewide fell to 878 units last month from 1,062 in February 2021, a decrease of more than 17%.

by ALEX VEIGA AP Business Writer March 18, 2022March 18, 2022

Sales declined 2.4% from February 2021 as the median home price jumped 15% from last year at this time to $357,300.

A tightening supply of homes on the market is pushing prices up even as the number of transactions falls.

by MATT OTT Associated Press December 16, 2021December 16, 2021

The Northeast had the biggest jump, rising 27.5 percent.

Continued low inventory in Maine’s housing market led to a nearly 11% decline in single-family home sales across the state.

by Kathy Orton Washington Post October 28, 2021October 28, 2021

The 30-year fixed-rate average rose to 3.14% compared to 3.09% a week ago and 2.81% a year ago.

Statewide home sales volume declined by nearly 10% from a year earlier, mirroring regional and national decreases.

by ALEX VEIGA AP Business Writer October 21, 2021October 21, 2021

Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January.

The off-grid property in Kennebunkport was made by a Maine sculptor and her family.