News

Maine real estate prices soared in 2021, sales ticked up

Maine real estate prices soared in 2021, sales ticked up

Photo: clipart.com


PORTLAND, Maine (AP) Maine home prices increased by more than a sixth in 2021 while the volume of sales also increased slightly.

Single-family existing homes rose to a median sales price of $299,000 last year, the Maine Association of Realtors said Thursday. Sales went up a little more than 2%, the association said.

Realtor association president Madeleine Hill called last year “a record-breaking year for residential real estate in Maine.” The number of reported transactions exceeded 20,000 and was a historic high, Hill said.

The year ended strong, as listings for December showed an increase of median sales price of 12% compared to December 2020, the association said.

Price trends in Maine mirrored national ones. Nationwide prices rose by about 16%, the association said.

Maine home prices increased in every county in 2021. The largest increase was in Knox County, where they increased more than 28% to $344,000.

Latest Headlines

6 hours ago in Local

Former Maine CDC Director Shah Running for Governor

He joins a crowded field of candidates trying to replace Governor Janet Mills, who is term limited.

15 hours ago in Local

Another Huge Turnout at Hot Rods and Heroes in Westbrook

The Hot Rods and Heroes car show included awards in 16 categories.

20 hours ago in Local

Dexter High School Gets 25K as Finalist in National Giveaway

The national contest awards money to small towns to help improve athletic facilities.

20 hours ago in Local

DNC Chair Says Platner Comments Not Disqualifying

In now-deleted Reddit posts from 2021, Platner called himself a communist among other things.

22 hours ago in Local

Police Say Missing Sabattus Girl Found

Sabattus police say they’ve found missing teen Dahlia. ______________________ Original Story: Police are searching for a missing 15-year-old girl from…