The Maine real estate market is beginning to see a gradual return of for-sale single-family homes. Statistics shared by Maine Listings show a 21.48 percent sales decline in March 2022 compared to March 2021, due to an ongoing lack of for-sale inventory combined with increased buyer demand. 1,031 homes were sold statewide last month with… Read more »
Posts Tagged: Damariscotta
March 2022 Market Update
Persistent buyer demand for Maine real estate combined with low for-sale inventory continues to fuel a competitive market, driving sale prices higher. According to Maine Listings, February 2022 sales declined 17.33 percent compared to February 2021, while the median sales price (MSP) increased 21.48 percent, reaching $297,500. The MSP indicates that half of the homes… Read more »
February 2022 Market Update
Maine real estate experienced another historic high for sales of single-family homes in the month of January. Though statistics shared from Maine Listings indicate a slight decrease of 7.2 percent in sales compared to January of last year, sales numbers are still experiencing the positive effects of COVID-19. Sales in January 2022 exceeded those of… Read more »
Newcastle Realty Celebrates with Staff Sales Awards
Company owner Dennis Hilton celebrated Newcastle Realty’s 2021 sales successes recently by presenting the following staff awards in a remote ZOOM company-wide gathering. Realtor Sara Rogers of Nobleboro was recognized as a two-time $2 Million Dollar Club member with her 2021 sales of more than $2.4 million as she handled almost a dozen transaction sides…. Read more »
January 2022 Market Update
Strong demand for single-family homes in Maine persisted for the full sales year of 2021. Statistics shared by Maine Listings indicated the statewide median sales price (MSP) reached $299,000 last year, showing an increase of 16.8 percent with the number of sales increasing 2.41 percent. The MSP indicates that half of the homes were sold… Read more »
December 2021 Market Update
While increased demand for single-family homes in Maine continues, for-sale inventory remains lower than usual. Data released by Maine Listings showed a slight sales decrease of 7.99 percent in November 2021 while prices increased 11.11 percent compared to November 2020. The median sales price (MSP) reached $300,000, compared to $270,000 in November of last year…. Read more »
October 2021 Market Update
Demand for single-family existing homes across Maine continues to surpass pre-COVID numbers. According to Maine Listings, while sales decreased 9.74 percent in September, prices jumped 16.92 percent. The median sales price (MSP) for the 2,067 homes sold last month reached $320,000. The MSP indicates that half of the homes were sold for more and half… Read more »
July 2021 Real Estate Market Update
Buyer demand continues to increase values of Maine’s single-family existing homes. Data shared by Maine Listings shows a statewide median sales price (MSP) of $310,000 in June—a 24.5 percent increase over June 2020. The MSP indicates that half of the homes were sold for more and half sold for less. Sales have also increased 14.71… Read more »
June 2021 Real Estate Market Update
The sale of single-family homes in Maine continues to surge by double digits. Data shared by the Maine Association of Realtors show the ownership transfer of 1,611 homes across the state for the month of May 2021, alone—a 28.32 percent increase over May 2020. Home values continue to be impacted by high buyer demand. The… Read more »
May 2021 Real Estate Market Update
The demand for single-family homes persists as highly-motivated buyers continue to pursue Maine real estate options. Statistics shared by Maine listings show a sales increase of 35.68 percent in April 2021 compared to April 2020. The statewide median sales price (MSP) reached $276,000 – a leap of 17.05 percent between this April and last. Maine’s… Read more »
