May 24—Maine home sales increased by nearly 36 percent in April from a year earlier, while the median sales price shot up more than 17 percent.
Sales of existing single-family homes were up 35.7 percent in April compared with a year earlier, and the median sale price increased by 17.1 percent to $276,000, Maine Listings reported Friday. The median indicates that half of homes sold for more money and half sold for less.
"Maine's residential real estate market continues to be fast-paced," said Aaron Bolster, broker/owner of Allied Realty in Skowhegan and president of the Maine Association of Realtors. "The April 2021 statistics ... reflect a comparison to one year ago, when the state of Maine was in COVID-shutdown status. Last month's sales volume was strong — 13 percent above the pre-pandemic April 2019 figures."
Nationally, home sales were up 28.9 percent in April compared with a year earlier, and the national median price rose 20.3 percent to reach $347,400, according to the National Association of Realtors. The Northeast experienced a significant sales boost of 30.4 percent, while the regional median sales price increased by 22 percent to $381,100.