Per the Maine Association of Realtors®, the number of sales of
single-family homes in Maine is down slightly in June but prices remain on the
rise. Realtors across the state sold 1,720 homes in June—78 fewer homes than a
year ago – a 4.3 percent decrease compared to June 2019. The Median Sales Price
(MSP) for homes sold in June reached $249,000, an increase of 4.15 percent
compared to June 2019. The MSP indicates that half of the homes were sold for
more and half sold for less.
Maine is experiencing a lack of inventory which is driving
multiple offer situations and quick sales on many homes. Mortgage rates remain
low which is encouraging buyers to turn out as well.
According to
Bankrate.com. the average 30-year fixed mortgage rate fell 8 basis points to
3.22 percent from a week ago, a new record low. The 15-year fixed mortgage rate
fell 5 basis points to at 2.67 perecent from a week ago.
There are always certain life circumstances that will continue
to keep the marketplace active. Working with a local Realtor® who knows the
area is critical to having well-informed choices available to you as a consumer
and ultimately guiding you successfully through the sale.
As I have said before,
please call a local Realtor® for all your real estate needs no matter how big
or small. We are trained professionals here to make your life easier. It's best
to surround yourself with the right team of professionals that can continuously
give you the right advice for all your circumstances.
Lisa DiBiase is a Broker/Owner. She and her company
represent buyers and sellers in the Greater Portland area. For all your real
estate needs contact lisa@landinghomesmaine.com. <
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