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 ConstructionNew Construction: 
Guidelines, Builders, Green Homes
Your Home's 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
 

Southern Maine Home Sales

Selected Communities: August 2017 YTD


For the second consecutive month, single family home sales in Maine surpassed those of the prior year. Through the first 9 months, sales now stand 11,175, down 2.1% from 2016.  The median price of 206,000 represented a nearly 5% increase over August of last year while the YTD result is 4% ahead. Interestingly, the median selling price has now exceeded $200,000 four months in a row.

As we have reported throughout the year, most Maine communities are experiencing lower sales in 2017 vs 2016 – some of them significantly.  For example, sales in Portland are down 17% South Portland 10% and OOB 21%.  Exceptions include Yarmouth - up 8% and Scarborough - essentially flat. 

When it comes to pricing, however, every community that we track has a higher median selling price YTD – with several reporting double-digit increases in 2016.  In Cumberland County alone each month of 2017 has exceed that of 2016.

Nationally, home prices have appreciated by 6.7% over the last 12 months, which is higher than the state of Maine, but below what we have experienced in York and Cumberland Counties. The expectation is that an additional increase of 5% should be expected over the next year, based on a report published by CoreLogic (who happens to provide the software for our MLS).

Cumberland County

Finally, focusing on inventory in Cumberland County, while still low compared to 2016, the shortage is the most acute in the lower-priced segments.  For example, the inventory level of homes priced below $250,000 is down 29% compared to home price at $500,000 or greater, which is only down 10%.

We hope you find this information helpful.  Additional details are available on our website, MHC.com.  If you are thinking of selling now or in the near future, and are interested in an accurate and up-to-date market assessment of your home, let’s get together soon to talk.

Download Reports:

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

National View

Nationally, home prices have appreciated by 6.7% over the last 12 months, which is higher than the state of Maine, but below what we have experienced in York and Cumberland Counties. The expectation is that an additional increase of 5% should be expected over the next year, based on a report published by CoreLogic (who happens to provide the software for our MLS)..

Thinking of Buying or Selling?

If you are considering selling in the near future, now is clearly the time to put you home on the market – and of course, we are the company to call......…..

As Ben Franklin once said: Well done is better than well said.   Until next time…..Imagine More!

Sales Graph-August2017

 



Find Homes
Maine's Most Comprehensive Property Search
 
Property Type

More Search Options

 



 
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
Peaks Island Chebeague Island Great Diamond Island Long Island Cliff Island Cushing Island
Waterfront - FAQ's
Relocation Services Relocation Package Area Digital E-Guide 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