The demand for single-family homes persists as highly-motivated buyers continue to pursue Maine real estate options. Statistics shared by Maine listings show a sales increase of 35.68 percent in April 2021 compared to April 2020. The statewide median sales price (MSP) reached $276,000 – a leap of 17.05 percent between this April and last.
Maine’s residential real estate market remains energetic. The statistics for April 2021 reflect similarities to this time last year, when the state of Maine was experiencing COVID related cessations. Last month’s sales volume was robust – 13 percent above the pre-pandemic April 2019 figures.
As properties come onto the market, buyers are waiting and ready. Statewide, the average number of Days on Market for April 2021 was eight days, compared to 25 days last year, and 46 days in 2019.
Off to a great start in 2021, our company continues to thrive. As of the date of this report, our brokers…