April sales of single-family homes surge by nearly 5%
Swan Agency Sotheby’s International Realty
Maine Listings said sales of single-family existing homes rose by 4.8% in April, while the median sales price rose 5%, to $210,000.
Sales of single-family homes surged in April, as did the price buyers paid.
Maine Listings said sales of single-family existing homes rose by 4.8% in April, compared to a year ago, while the median sales price rose 5%, to $210,000.
"After a few months of decline, the April and rolling quarter data has tilted back into positive territory with gains in units sold and median sold prices," said Peter Harrington, 2019 president of the Maine Association of Realtors and broker/partner with Malone Commercial Brokers in Portland. "For-sale inventory remains limited in most markets, which has kept values healthy, especially where job growth is occurring."
Nationwide, sales eased 4% comparing April 2019 to the same month last year. According to the National Association of Realtors, the national median sales price of $269,300 reflects an increase of 3.7%. Sales in the Northeast decreased 4.5% in April, while the regional median sales price rose 0.9% from April 2019 to April 2018.
"We're approaching the traditional peak season for activity with plenty of buyers searching,” Harrington said. “A strong 2019 will be dependent on the number of existing homeowners looking to sell. These existing owners are also impacted by the limited inventory and are hesitant to put their homes on the market because they're not readily finding their next housing option."
Most Recent
Most Recent
0 Comments