Maine Listings has released their annual figures for home sales in 2017. It was another great year for home prices! Statewide the median sale price was up 5.60% compared to 2016. Cumberland County median sale price was up 7.55% since last year and York county was up 7.82%. Home prices are well above the pre-recesion “peak!”
“Home values showed upward movement throughout 2017 with the statewide annual median sales price also reaching an historical high. The market momentum is in place for a terrific start to 2018.” – Maine Listings January Press Release
Keep in mind, these are median sale price numbers. To find out what your home is worth call today for a free market analysis.