AUGUSTA, Maine (AP) - Home sales in Maine went up almost 10% last year despite the coronavirus pandemic, and home values went up, as well.
The Maine Association of Realtors said sales of single-family existing homes increased despite challenges from the pandemic. The statewide median sales price went up to $256,000, which was an increase of almost 14%, the association said.
Sales were especially strong at the end of the year. Sales across Maine went up more than 31% in December 2020 compared to the previous December, the association said.
Aaron Bolster, association president, said low mortgage rates and better control of the pandemic than some states worked in Maine’s favor.
Cumberland and York counties had the highest home prices in the state.
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