January was the second-highest month on record for the volume of single-family home sales in Maine — although the total of 1,166 homes sold was down 7.2% compared to January 2021.
Markets statewide are constrained due to the low availability of for-sale inventory, according to Madeline Hill, 2022 president of the Maine Association of Realtors and a designated broker at Roxanne York Real Estate on Bailey Island.
“Over the past two years, the pandemic has altered the way that households live and work,” Hill said in a news release Friday. “Remote employment arrangements and increasing sales prices have expanded home search areas, and we’re seeing Maine’s more rural counties rejuvenated by this demand.”
January Home Sale Prices Up