Sales of single family homes in Maine ticked up by 8.59 percent in April, compared to April of 2017.
According to the Maine Association of Realtors, more than 1200 such homes were sold in April, with a median sales price of $200,000, about 8 percent more than the year before.
Maine Association of Realtors President, Kim Gleason, says the increasing price is one indicator that few houses are available compared to the number of buyers.
"Supply and demand is really the problem. We just don't have enough inventory. The buyers are there... we're now getting multiple offers really in all counties."
Gleason says, surprisingly, the data also show recent spikes in home sales for Aroostook and Piscataquis counties, both of which have been plagued by dwindling populations. Those counties showed jumps in sales of 35 percent and 27 percent, respectively. Gleason says those areas feature a number of more affordable homes, likely to appeal to first time buyers.
