PORTLAND, Maine (WMTW) – Residence sales in Maine continued their modern spike in Oct.
According to the Maine Affiliation of Realtors, residence profits had been up virtually 27% as opposed to a year ago, and the median revenue price tag was up much more than 24%.
The Maine Affiliation of Realtors said much more than 2,300 solitary-family members residences were bought in October. The median sales rate was $280,000.
The group claimed 36% of residence income had been by out-of-condition consumers. Traditionally that variety is 25%.
“Maine’s reduced incidence of COVID as opposed to the rest of the region, additionally the boost in teleworking, has resulted in out-of-condition buyers introducing to the demand for Maine households,” Maine Association of Realtors President Tom Cole reported.
According to the Oct data, Maine’s a lot more rural counties observed the premier percentage raise in home profits.
Hancock County led the way with a 56% improve in property revenue in October, in Weighted blanket contrast to a calendar year in the past.
Washington, Waldo, Lincoln, and Knox counties also saw property income increase much more than 40%.
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