Buying or Selling a home in Maine? It’s Not Just About Price, It’s About What’s Hiding in the Contract 

Why Getting Top Dollar For Your Home Takes More Than Just Throwing It On Zillow - or Uncle Henry’s.

Maine home sales in May 2021 are up 28.32% and prices are up 28.21% over May 2020 (granted this was during the shutdown). However, Home sales in Maine are also up 13% over April 2019 (when the market was already a strong seller’s market). 

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item.

Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right?

It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining the dollar value of a home is trickier.

We all want to be good neighbors. But when it comes to selling your home, it’s not just about “keeping up with the Joneses.” It’s about outshining them at every opportunity!