Maine real estate sales recorded a dramatic bounce back from the depths of the pandemic of a year ago according to latest industry figures.
Existing home sales in the state were up 28% in May compared to the same month last year. The average price was also up by the same margin, 28%, year on year with the median sales price (MSP) to stand at $305,000.
MSP indicates half of homes sold for more and half for less.
The statistics produced by Maine Listings underline the impact the Covid situation had on the market in the spring of 2020 and how sharp the turnaround has been.
When compared to May 2019 last months sales reveal a more modest upswing of just 1%.
Interestingly Maine’s more rural counties have seen some of the biggest percentage gains in units moved – Waldo up 64.58% on May of 2020, whilst Aroostook saw a 67.88% increase and Washington was up an impressive 72.22%.