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

30 minutes ago in Local

Missing man being sought by police in South Portland

Fresh

Police are asking for help finding a missing South Portland man.

19 hours ago in Local

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

Governor Mills has indicated she will sign the bill.

20 hours ago in Local

Two Arrested in Gardiner for Drug Dealing, Gun Charges

Officers say they saw what looked like illegal drugs at the residence.

23 hours ago in Local

New Hampshire Man Dead in I-95 Crash in Newport

Maine State Police say they were on their way to assist a stopped car in the travel lane of I-95.

23 hours ago in Local

Casco Bay Lines considers another fare hike for passengers

Riding the ferry in Casco Bay could get more expensive as the ferry line considers a 21 percent increase for passenger fares.