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Maine Home Sales Set Record in 2016

PORTLAND, Maine - Maine saw a record number of homes sales in 2016, with closings on more than 17,500 single-family homes over the 12 months.   

Homes sales were up almost 12 percent in 2016 and median sales prices up almost 5 percent compared to the year before..

"I believe a lot of it is due to the confidence in the economy, which has fueled the sale of single-family homes across the state of Maine," says  Greg Gosselin, president of the Maine Association of Realtors. 

Gosselin says a tight housing stock continues to be a challenge.  However, he says there's more inventory, both new and existing, that's coming onto the market. 

Ed is a Maine native who spent his early childhood in Livermore Falls before moving to Farmington. He graduated from Mount Blue High School in 1970 before going to the University of Maine at Orono where he received his BA in speech in 1974 with a broadcast concentration. It was during that time that he first became involved with public broadcasting. He served as an intern for what was then called MPBN TV and also did volunteer work for MPBN Radio.