2016-12-23 / Front Page

York County home sales increase

Senior Staff Writer

YORK COUNTY — Statewide, sales of existing homes were up by double digit percentages last month and prices were up as well, though not as dramatically.

The Maine Association of Realtors this week reported that sales of existing homes increased 17.74 percent in November over the same month last year. As well, the median sale price reached $191,863, that's 6.59 percent over November 2015.

In all, in Maine in November, there were 1,414 sales of existing homes, up from 1,201 in November, 2015.

The Maine Association of Realtors doesn’t provide a monthly total sales for each county, but  measures a rolling quarter instead. In the quarter that began Sept. 1 and ended Nov. 30, there was a 9.83 percent increase in the number of sales of existing  over the same period last year — 838 homes sold in York County versus 763 during the same period in 2015. As well, the median sales price was rose 6.38 percent to $250,000, up from $235,000 in 2015. Statewide, only Cumberland County’s median sale price was greater, at $265,000, according to the real estate association.

The increases seems to be part of a national trend. According to The Associated Press, November sales were up 15 percent from a year earlier. Sales rose 8 percent in the Northeast and 1.4 percent in the South, but fell in the West and Midwest, the AP reported. Nationwide, the median price was $234,900 in November,  up 6.8 percent from a year ago.

“The statistics from November show continued stability in most markets across Maine,” said Ed Gardner president of the Maine Association of Realtors and owner of Portland’s Ocean Gate Realty. “With the elections over, mortgage rates have risen slightly but remain at a sustained historical low."

Nationally, according to The Associated Press report, the benchmark 30-year fixed interest mortgage rate last week was at 4.16 percent.

— Senior Staff Writer Tammy Wells can be contacted at 324-4444 (local call in Sanford) or 282-1535, ext. 327 or twells@journaltribune.com.

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