Solid & Strong Maine Housing Market in 1st Quarter 2018
May 08, 2018 in Market News

The residential housing markets here in the great state of Maine continue to remain strong!  Taken as an aggregate median prices were up 9.6% for the regions we follow including Greater Portland, Southern and Coastal Maine.   


Transaction volume also remained relatively stable and was up 2% year over year.  Greater Portland, anchored by the City of Portland, continues to lead the way and posted a whopping 11% year over year rise in pricing!

With inventories low and buyer demand high we expect to see a strong 2nd quarter spring market for all property types and price points!

Happy house hunting and we hope to help out however we can! :)

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2018 vs 2017
Median Prices
Units Sold
2018
% Chg
2018
% Chg
Southern Maine
256K
8.4%
653
6.0%
Coastal Maine
199K
1.7%
90
-8.6%
Greater Portland
289K
11.1%
864
.2%


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