Monthly Home Sales Report for Portland and Southern Maine provided by Maine Home Connection
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Monthly Maine Real Estate Sales Update

April 2018 Single Family Homes 


Inventory of single family homes continued to be tight in April.  For the first time in 2018, year-to-date sales were lower than in 2017. Results varied significantly by town, as the chart below illustrates.  Sales across Maine were down .2% while Cumberland County recorded a decline of 4.7%.  In the towns that are still ahead of prior year, the rate of increase did decline in April.

Home prices continue to trend up just about everywhere. Both Cumberland and York counties are up over 12% year-to-date. The Maine median selling price (MSP) of $203,000 is the highest ever recorded.  leading to a decrease in sales last month.  The MSP indicates that half of the homes were sold for more and half sold for less.

Results for the first four months of the year versus last year are reflected in the chart below for many communities in the greater Portland area.

Nationally 

Across the country, The National Association of REALTORS (NAR) released national released statistics comparing April 2018 to April 2017, which indicated a 1.0% sales drop, and a national MSP rise of 5.9% percent to $252,100.  Regionally, sales in the Northeast were down 9.3% percent and the regional MSP increased 3.3% to $270,600 over that same time-period.

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

 April 2018 Sales

 

 
 
 
 


 
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