Posted February 07, 2018 12:05:37While Maine’s population is only 2 million, it has more than a million people with a home, and a growing number of them are buying real estate.
The growth in the number of Maine residents buying real properties has been on the uptick since the beginning of the year, according to the Maine Association of Realtors.
The number of active listings for new homes increased by nearly 100 percent from last year, while the number listed for existing homes grew by more than 2,400 percent.
The Maine Association also reported that Maine has one of the highest rates of homeownership in the country, with more than 90 percent of all new homes in the state being bought by people over the age of 30.
“We are seeing this rapid growth in real estate as a result of a number of factors,” said Tim DeLuca, president of the Maine Realtor’s Association.
“We are also seeing the real estate industry come out of a period of recession in the middle of the decade.
We have seen a huge number of people come in with very good credit and with lots of cash available.””
We have seen the value of property skyrocket and the demand for housing is increasing,” he said.”
In fact, as of last week, we have had more than 1,100 new homes listed for sale in the last week alone.
This is not the first time this has happened in Maine.
There have been a lot of changes in the housing market in the past few years.
But we have seen something very different.
We are seeing people wanting to purchase properties and want to be part of the real-estate market,” DeLucas said.
He added that the growth in Maine is in response to the economic downturn, which has made it more difficult for many to afford housing.
The real estate market in Maine has become more competitive since the downturn began in 2010, and people have been able to afford homes that were once out of reach.
The average sale price for a home sold in Maine last month was $938,700, according the Maine Real Estate Association.
Real estate in Maine, along with Maine, is now one of two states where the number one state in the United States is home prices, according a recent report from the National Association of Home Builders.
According to the NHAB, the average home price in Maine increased by 6.3 percent in 2017, while it decreased by 4.5 percent in 2016.
The report also found that in 2016, Maine had the second-highest home price index in the U.S. at $241,200.
“Maine is a very expensive place to live, and many people have lost their homes,” said Robert J. Bailes, president and CEO of the NAHB.
“When you have a growing population, demand is going up and there are a lot more people wanting a home.
So there is a real demand for homes in Maine.”
Maine’s real estate boom has resulted in a surge in the price of new homes.
Between 2015 and 2017, the number, price and percentage of new properties listed for $2 million or more increased by more in Maine than in any other state, according an NHAW report.
The report noted that the increase was due to increased demand for properties in the greater Portland area, a region where demand is growing for new housing.
According to Bailers report, demand for new single-family homes in Portland rose by nearly 6,000 percent between 2015 and 2016, while demand for multifamily homes increased in the Portland metro area by nearly 9,500 percent.”
The combination of a growing labor force and a number that are able to take advantage of the increased demand have made Portland one of Maine’s fastest-growing markets.”
According to Bailers report, demand for new single-family homes in Portland rose by nearly 6,000 percent between 2015 and 2016, while demand for multifamily homes increased in the Portland metro area by nearly 9,500 percent.