Market Update

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Strong home buyer demand continued across Maine last month, with Realtors reporting 1,313 single-family existing home sales—a sales jump of 16.81% over March 2020.  According to Maine Listings, the statewide median sales price (MSP) reached $268,500, an increase of 17.79% compared to March 2020.  

Maine residential real estate sales volume and median sold values showed continued strength during March 2021. The pace in the residential real estate market continues to be rapid.  For March 2021, the statewide days on market statistic was 11 days, compared to 48 days for March 2020.

In this fast-moving market, homes become available for sale and are immediately met with pent-up buyer demand.  Whether you’re a seller or a buyer, start working with a REALTOR® when you first think about transacting real estate so that you’re fully prepared and ready to take action.

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