In order to track actual home values, you need a broader range of data and you need to compare home values within a specific area as well as a particular price range. We collect this data constantly and crunch the numbers in order to keep our fingers on the pulse of the market.
With half of 2016 complete, how does The Maine Real Estate Network (TMREN) compare to the market? Take a look at the comparison for the month of June, as well as the results from the first 6 months of this year.
As of the end of May, The Maine Real Estate Network (TMREN) has seen a tremendous 53% increase in total dollar volume for 2016 compared to the same period a year prior. For the five counties in which TMREN operates (Androscoggin, Cumberland, Oxford, Penobscot, and York) the total dollar value of homes sold across the market increased 23%. This means that TMREN is growing at more than double the market average rate.
Safety – It’s something we all want for our families, our friends, and ourselves. While there are certain lifestyle habits and practices that can go a long way to ensure the safety of those you love, it is impossible account for everything.
It has been a great start to 2016 for the real estate market in the Pine Tree State. The total dollar volume (value of homes sold) has increased 17.8% statewide, with all Maine counties showing positive [...]
Nationally, 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 [...]
This just out from the Maine Association of Realtors:
SOUTH PORTLAND (July 22, 2015)
Sales of single-family existing homes in Maine jumped by hefty double-digits in June. According to Maine Listings, 1,788 homes changed hands last month, resulting in an 18.18 percent rise in sales. The statewide median sales price (MSP) for homes sold during [...]
The Maine Association of Realtors® released the latest rolling quarter sales statistics today for the Maine real estate market. Statewide, the number of homes sold has increased 9.04% from the same period last year, while the median sales price has eased down [...]