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.
As indicated in the table below, Androscoggin County and Penobscot County have seen the most significant growth in terms of dollar value, up 30.7% and 27.3%, respectively.
So far, the Average Sales Price for the market is up 1.0% compared to last year, but the Average Sales Price of Homes Sold by TMREN is up 13.4%.
(Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period Jan. 1, 2016 through May 31, 2016.)