Recent Statistics

Recently the National Association of Realtors and the Maine Association of Realtors released some interesting statistics they had collected. Here are some interesting excerpts:

One in four home sales are in Cumberland county (25%)
More sales occur in Cumberland county than in Aroostook, Franklin, Knox, Lincoln, Piscataquis, Sagadahoc, Somerset, Waldo, and Washington counties combined.

Forty-four percent of recent home buyers were first-time buyers in Maine, compared to a national level of 37 percent – a drop from 50 percent in 2010.

The typical buyer in Maine was 43 years old

Nationally, 89 percent of buyers purchased their home through a real estate agent or broker

The share of home sellers who sold their home without the assistance of a real estate agent was 10 percent nationally. Forty percent of FSBO (For Sale By Owner) knew the buyer prior to home purchase. Nationally, the typical FSBO home sold for $150,000 compared to $215,000 among agent-assisted home sales. In Maine, the typical FSBO sold for $78,500 compared to $180,000 among agent-assisted home sales.

Nearly nine in ten buyers would use their agent again or recommend them to others, both nationally and in Maine.

* Data was collected from the NAR “2011 Profile of Home Buyers and Sellers Maine Report” and MAR eleven-year Maine home sales statistics

My brother Jack and I co-own The Real Estate Store. I grew up and live in Scarborough, ME. I became a real estate broker in 2005, but Real Estate is a family business for us. We are second generation Real Estate Brokers. My experience working with apartments and with residential construction has given me insight into cost-aware construction and green construction and design.

Posted in For Buyers, For Sellers