Comment on Maine home sales, prices jump 20 percent in hot market driven by out-of-state buyers

Maine home sales, prices jump 20 percent in hot market driven by out-of-state buyers

Sales of existing single-family homes and prices jumped more than one-fifth in September compared to the same month in 2019, driven by out-of state buyers looking for a safe place to live during the coronavirus pandemic, according to data released by the Maine Association of Realtors Thursday. Historically low interest rates and more prospective buyers than sellers drove up sales of single-family existing homes by 22.78 percent year-to-year.

 

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