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A Look Back: Fall 2015 Real Estate Insights

Calculator and GraphsNationally, 2015 was a great year for real estate and the same can be said for the local markets here in Maine. The latest numbers show that Maine real estate sales jumped 22% in November 2015 and the average MSP saw a healthy increase, up 4.35% to 180,000.

Totals in the fall of 2015 are up across the state. Specifically, for the for the rolling quarter of Sept. 1 - Nov. 30, sales were up in three of the four Maine counties serviced by TMREN, with only Androscoggin County showing a slight dip of -7.84% during this time.

Sept. 1 - Nov. 30 | 2015 vs 2014
County Percent Change - Units Sold
Cumberland 9.12%
Oxford 1.10%
York 20.35%
Androscoggin -7.84%

 

Regionally, sales were up 1.5% in the Northeast from November 2014. While the December 2015 numbers have yet to be released, growth continuance is expected for the state, which is a promising indicator for 2016.

Across the country, the 2016 housing market is forecasted for "moderate, but solid growth" as a result of continued job creation and an expected 2.5% increase in GDP.

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