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!