As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values.
Original forecasts modeled this uncertainty, and they ranged anywhere from home values increasing 3% to depreciating by more than 6%. However, as the year unfolded, it became clear that there would be little negative impact on the housing market.
So far, home prices in Maine have indeed weathered the storm. If you are interested get an accurate estimate of why your home might be worth in today’s market, let’s find time to talk soon.
Until next time … Imagine More!
Moving to Maine?
About the Author: Michael
Michael Sosnowski is co-owner and marketing director of Maine Home Connection, the independent boutique brokerage he founded with Laura in Portland, Maine in 2003. He leads MHC's marketing strategy, digital presence, and content operations — focused on building the kind of local expertise that no algorithm can replicate.
