Compared to October of 2015, home sales have increased 5%. Home sale prices have also seen an increase. The median home sale for October 2016 was $192,500, a rise of 2.67%.
Ed Gardner, President of The Maine Association of Realtors adds, “The October statics are indicative of continued stability in Maine’s real estate markets. Despite the recent upward movement in mortgage interest rates, the current rates are lower than at this time in 2015 and remain at historically low levels.