Lack of Inventory Continues to Define Real Estate Market

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An under supplied market contributed to both a drop in year-on-year real estate sales while also helping keep home prices up.

Latest figures from Maine Listings revealed a 12.09% fall in the number of homes sold statewide in January when compared to the first month of last year.  Meanwhile, the median sales price remained unchanged at $200,000.

Home sales dipped 7.04% between November 2018 to January 2019 when compared to the same period the year before.  Sales prices, however, were up 7.50% to stand at $215,000.

The longest government shut down in US history also created a drag on sales last month.

Full report and county by county statistics