The Real Estate Market is Looking Up!

In September the amount of single family homes sold rose 17.16% over September of last year while sale prices rose 5.97%.  That's good news for sellers and maybe a wake-up call for buyers.  We may have seen the low point of the market for a while, so if you are considering buying...you may want to do it before prices rise more.


Check out these numbers for the third quarter of the year, running from July 1st - September 30th, 2015. 

State of Maine  5042 single family homes sold, up from 4402 in the 3rd quarter of 2014 - up 14.54%. The median sale price for 2015 was $187,500 up 4.75% from 2014.

So how does that break down from area to area? 

Androscoggin County  290 single family homes sold, up from 270 in the 3rd quarter of 2014 - up 7.41%. The median sale price for 2015 was $139,750 up 3.52% from 2014.

Cumberland County  1395 single family homes sold, up from 1161 in the 3rd quarter of 2014 - up 20.16%. The median sale price for 2015 was $256,800 up 4.60% from 2014.

Wow...they say the real estate market fluctuated from area to area and these numbers sure do prove that!

Kennebec County  The median sale price for the 3rd quarter of 2015 was $145,000 - up 1.65% from 2014. 440 single family homes sold, up from 354 in 2014 - up 24.29%...Wow!  Still that is not the highest in the state.  Washington County saw a 40.58% increase in single family home sales over last year, but still there were only 97 sales.

Oxford County  The median sale price for the 3rd quarter of 2015 was $138,750 - up 6.73% from 2014. 194 single family homes sold, up from 183 in 2014 - up 6.01%.

Sagadahoc County 140 single family homes sold, up from 127 in the 3rd quarter of 2014 - up 10.24%. The median sale price was $196,500 up 1.03% from 2014.

York County  865 single family homes sold, up from 775 in the 3rd quarter of 2014 - up 11.61%. The median sale price was $230,000 up 2.27% from 2014.

Click here to see the full report from Maine Listings. 

If you are ready to sell your home, or ready to buy before prices rise more, give us a call today to get started with one of our talented agents.

Auburn office (207)784-3800 
Scarborough office (207)289-3830