Single family home sales in Maine continue to outpace 2015. YTD sales through September are 11.2% ahead of last year, while price is up 5.7%. The median selling price of a home in Maine is $184,000 through the first three quarters of 2016.
Unit sales in Cumberland County are even stronger – up 16.8%, while the increase in pricing is more tempered, at 1.6%. The median price of $249,000 is considerably higher than the state median, reflecting the overall strength of the southern Maine market, which includes some of the highest priced communities in the state.
The chart below includes sales results for selected local towns. Falmouth continues to lead the way with the highest median price, while Scarborough has the highest appreciation in selling prices.
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