Could 2020 have been any more challenging, unsettled and uncertain ??? And yet, Maine Real Estate held its own.
It's pretty simple...
Maine Sales have been steady but not as explosive as you might be led to believe by reading the headlines.
Covid-19 effectively eliminated the spring home buying season. The buying/selling season then moved to late summer and fall. The sales window was compressed into fewer months whipping up a real estate buying frenzy.
Listing Inventory is down which has driven home prices up and pushed the days on market down. Properties that are well located, well priced, neat, clean and squared away don't sit.
Mortgage Rates below 3% is the real driver. Cheap money ! Lower rates make a home purchase more affordable to a larger population. A big plus for 1st time home buyers, re-financing and/or trading up.
Local information and knowledge of the local trends is critical to a successful purchase or sale. Having the right data and the right agency is where Camden Hills Realty can help. We can provide you with the latest information and insights for your particular needs. Information you can put to work to make better decisions about selling or buying.
When you have questions about the local real estate scene call
Camden Hills Realty
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Representing the Coast & Countryside Known as Camden Hills
Visit us online a www.camdenhillsrealty.com