July Market Update

July was a busy month in the Maine Real Estate market!  

According to Maine Listings, 5304 properties sold from May 1st - July 31st in the state of Maine with a median sale price of $225,000.  That is a 9.76% increase in the median sold price during the same timeframe in 2017!  While not all markets in Maine are experiencing an increase in the number of sales and increased sale prices, the state overall is!  It is a great time to sell with plenty of gorgeous Maine weather left this year!  

Here is what is happening in some of the counties in Maine from May 1st - July 31st, 2018:

Androscoggin County
Median Sale Price - $175,000 up 6.06% with 358 units sold

Cumberland County
Median Sale Price - $320,000 up 8.47% with 1259 units sold

Franklin County
Median Sale Price - $145,225 up 16.98% with 132 units sold

Kennebec County
Median Sale Price - $167,700 up 11.80% with 502 units sold

Oxford County
Median Sale Price - $156,000 up 4.00% with 219 units sold

Sagadahoc County
Median Sale Price - $231,500 up 8.58% with 154 units sold

York County
Median Sale Price - $279,900 up 7.65% with 935 unit sold

Are you curious about what is happening in your neighborhood?  Are you considering selling but want to know how much your home may be worth in today's market?  
Give us a call today to find out!

Auburn (207)784-3800
Scarborough (207)289-3830