W W W. M A I N E B I Z . B I Z 13 J U LY 2 2 , 2 0 1 9
F O C U S R E A L E S TAT E / C O N S T R U C T I O N / D E S I G N
ales of single-family homes were
up only slightly last year, but the
median home price surged by $15,000,
to $215,000, well above pre-recession
levels. What's driving the increase is a
lack of inventory, an issue reinforced
by the Maine Association of Realtors'
monthly reports. Anecdotal stories of
bidding wars have become common,
and cash deals and house "flipping"
have reemerged, a reminder of earlier
housing booms. It's a seller's market,
but the persistent challenge is there's
not enough housing, particularly afford-
able housing.
F O C U S S TA R T S O N F O L L OW I N G PA G E
ยป
S
S O U R C E : Maine Association of Realtors
MEDIAN SOLD PRICE
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
NUMBER OF SALES
$192.5K $194K $180K $164K $168.6K $165K $170K $175K $175K $180.5K $189.4K $200K $215K
13,359 12,014 9,502 10,486 10,213 9,837 11,521 13,088 14,123 15,672 17,507 17,633 17,864
