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At their annual Selling Season Kick-Off Breakfast held at the Oysterhead Lounge in Newcastle recently, the 30-plus associates from Cheney Insurance, Newcastle Realty, and Newcastle Vacation Rentals gathered to honor their clients, to welcome spring.
Sales volume across the state continue to rise, with a total of 888 single-family homes sold in March 2024 – an increase of 3.5 percent compared to March 2023. The median sales price also increased, reaching $380,000, a surge of 12.59 percent.
The month of February saw a statewide uptick in both sales and home prices, due to continued buyer demand and an increase in single-family homes available for sale. Statistics shared by Maine Listings indicate a jump in home sales of 11.44 percent,.
Buyers across the state continue to be met with lower-than-average for sale inventory. Statistics shared by Maine Listings indicate a 1.98 percent decrease in sales while the median sales price (MSP) increased 8.62 percent - reaching $353,000.