x
Breaking News
More () »

Home sales, prices continue to rise

Every county in Maine is seeing a price hike in home sales. Washington County had the most sales.

MAINE, N.Y. — Home sales and home prices in Maine are continuing to trend upward.

The Maine Association of Realtors said sales and prices were both up by 28% in May compared to May 2020. The association said high buyer demand is driving the increase in home values.

The state’s median sales price was $305,000 in May. That increase was similar to the national increase. The national median sales price increased about 24% $356,600.

RELATED: From “Down East” magazine, some recommendations on what to enjoy in Maine this summer

RELATED: Mainers struggle to find apartments amid rising demand and prices

According to the AP, every county in Maine is seeing a price hike in home sales. “The biggest increase in sales was in Washington County, while the biggest jump in price was in Sagadahoc County, the association said.”

Before You Leave, Check This Out