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MAINE HOME SALES AND VALUES UP IN MARCH

FOR IMMEDIATE RELEASE

CONTACTS: LISTED BELOW

MAINE HOME SALES AND VALUES UP IN MARCH

SINGLE-FAMILY EXISTING HOMES REMAIN IN DEMAND

AUGUSTA (April 21, 2017)Single-family home values in the state of Maine remain in a healthy terrain. According to Maine Listings, the median sales price (MSP) reached $191,000 in Marcha 4.66 percent price increase over March of 2016. The MSP indicates that half of the homes were sold for more and half sold for less. Home sales were up 9.18% comparing March 2017 to March 2016.

"Real estate activity remains steady across Maine with a tightened for-sale housing inventory," says 2017 Maine Association of REALTORS President Greg Gosselin, Owner/Broker of Gosselin Realty Group in York. "In many markets across Maine, REALTORS are reporting multiple offer situations on most listings. Buyers and sellers should partner with a REALTOR for expert counsel around inventory availability, marketing and pricing strategies, and negotiating approaches to find the right home and successfully navigate the real estate transaction given the current market conditions of your area."

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