Monthly Home Sales Report for Portland and Southern Maine provided by Maine Home Connection
Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
MHC MHC MHC MHC MHC MHC
Buyers Sellers Stats Maine Blog Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Relocation Services
Featured Listings
Home Finance & Mortgage
Retirement in Maine
Real Estate Investing
Featured Properties
Enter a keyword to search the site

Features & Services
  
Your Home's Value
My Home's Value:
Receive a Report of  Your Home's Value 
New ConstructionGreen Homes: 
Guidelines, Builders, Green Homes
Your Homes ValueMarket Conditions:
Current Home Sales Reports & Statistics 
Sold PropertiesSold Data:
View All Recent Home Sales History
Left-MarketingHome Marketing:
Maximum Exposure© Home Marketing 
  
...Manage Your Account
  
Login
Existing Users:
Login with your email address only
Existing UsersNew Users: 
Simple signup to view   all Maine properties.
Contact Us
Contact Us:  
Call or email us with your questions.
  
Newsletter Signup
 

Monthly Maine Real Estate Sales Update

May 2018 Single Family Homes 

While sales of Maine single-family homes decreased 1.4% in May largely due to limited market inventory, year-to-date results continue to trend upwards.  Prices, however, continued to rise as the statewide median sales price (MSP) increased 9.9% percent to $219,900. The MSP indicates that half of the homes were sold for more and half sold for less.

Even though the May sold numbers declined slightly, existing home sales for January through May 2018 still ahead of the prior year by 1.2% - which was the strongest year ever for Maine real estate sales.

As indicated in the chart below, many local communities are reporting continued higher sales in 2018 vs 2018.  The city of Portland, the largest single market in Maine, is ahead of last year by nearly 6%.

Throughout the year there has been upward pressure on pricing in those where limited inventory was significant.  In other areas, especially along the lakes, the inventory shortage has not been as acute. Nearly every community in the greater Portland area is experiencing higher prices in 2018 vs 2017 – many with double-digit increases.

According to the National Association of Realtors (NAR), sales nationwide eased 3% over the past 12 months, while the national MSP rose 5.2% to $267,500. Regionally, sales in the Northeast decreased 11.7% and the MSP dipped 1.8% to $275,900.

Download Reports 

  Download Monthly Infographic - Cumberland County Overview
  Download Selected Towns - Southern Maine YTD Sales by Town

 May Sales - By Town 2018

 

 
 
 
 


 
Buying Your Home Heart and Mind Buyer Agency
Exclusive Services Agency Relationships Title Insurance
Home Buying Process Advice and Strategy
Affect of the Economy Determining A Price First Time Buyers Viewing Homes Second Homes Home Search Strategy Waterfront Real Estate
Common Forms
Selling Your Home Your Home's Value Home Marketing
Digital Photography High Definition Video Property Storyboard Virtual Staging Internet Marketing
Pricing Factors Advice and Strategy
Counteroffers Establishing a Price Listing Agreements Feng Shui Principles Considering Repairs Value of Improvement Choosing A Realtor Common Mistakes
Home Selling Process
Stats
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties Hyper Local Search Preset Local Searches
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Freeport Harpswell
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Open House
Local Lifestyle Videos
Home Valuation
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands Waterfront - FAQ's
Relocation Services Relocation Package Maine Counties Quality of Life Education and Schools Art and Culture Property Tax Rates Common Relocation FAQs Moving Long Distance
Mortgage Center Mortgage Types Credit Scoring Fee & Closing Costs Mortgage FAQs Tax Credit
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value