News

Home sales, prices continue to trend up in Maine

Home sales, prices continue to trend up in Maine

Photo: clipart.com


(AP) Home sales and home prices in Maine are continuing to trend upward.

The Maine Association of Realtors said sales and prices were both up by a staggering 28% in May compared to May 2020.

The association said high buyer demand is driving the increase in home values.

The state’s median sales price was $305,000 in May.

That increase was similar to the national increase.

The national median sales price increased about 24% to $356,600.

Latest Headlines

3 hours ago in Local

3 People Arrested in Penobscot County Drug Raid

Deputies say the investigation remains active and additional charges may be forthcoming.

3 hours ago in Local

Tito’s Vodka Ordered to Pay $750,000 in Taxes and Penalties in Maine

The court determined the manufacturer did not file tax returns for an audit period.

6 hours ago in Local

Maine supplemental budget clears committee, heads to full legislature

Maine’s supplemental budget is advancing, and it includes a tax increase on millionaires and $300 relief payments to more than half a million lower income Mainers.

9 hours ago in Local

Missing South Portland man found safe

Police say Kulinski has been found safe.

1 day ago in Local

Maine Lawmakers Pass Bill to Let Jails Turn Away Some ICE Detainees

Governor Mills has indicated she will sign the bill.