Market Overview

Maine Residential Market Sales Soar as Home Prices Dip


Maine’s residential market is on an uptrend as single-family home sales saw an increase last month, a new report on the Bangor Daily News revealed.

Citing data from the Maine Association of Realtors, the report said that home sales for single-family units moved upwards even if home prices slipped to $178,000. Median home prices declined three months in a row starting February this year, following a continuous rise which started in August 2012.

Meanwhile, the total volume of residential property sales rose by as much as 3.3 percent from last year’s figures, amid a nationwide and regional sales slowdown. Home sales volume showed modest growth for 18 straight months, the report said.

“We have seen a consistent trend of unit volume increase and sales price decrease over the last few months,” Angelia Levesque, president of the Maine Association of Realtors, was quoted as saying in the report. “The good news is that buyers are out there and they are stepping up and purchasing.”

Sales prices generally declined in most counties including those with increasing sales volumes such as Somerset County, Penobscot, Knox, Kennebec, Lincoln, and Washington. The only counties that did not see a decline in home prices are Cumberland, Hancock, Kennebec, Oxford, and  Piscataquis.

Among the counties, Somerset recorded the highest increase in sales volume with 150 closed deals. The county only sold 121 homes in 2013.

Real estate agents in Maine can take advantage of the market’s growth and stability by using disruptive video marketing technologies to market local listings. Realbiz Media Group, Inc. (OTCQB: RBIZ) is a Florida-based digital media company that develops proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online. The company is known for its Virtual Tour Program and consumer site

The Virtual Tour Program allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

The program features a video search engine optimization (VSEO) tool that automatically generate meta tags and descriptions for virtual tours and listings that agents have uploaded to the platform so that they would be found easily by consumers online. It also has tools for creating QR codes, e-flyers, and seller reports as bonus features. is a consumer property listing site centered on virtual tours. The web site makes a great platform for hosting real estate agents’ listings and for creating personalized agent profiles that help agents widen their reach and build their online reputation. It utilizes Nestbuilder Agent, a patented marketing technology developed by Realbiz Media.’s agent and listing pages also features a contact form as well as social media buttons that connect agents with their consumers easily.

Realbiz Media’s platforms, applications and web sites feature social integration, which allow agents to cross-publish their posts to social networks like Twitter, Facebook, and Pinterest.

To learn more about Realbiz Media and its products, contact or call 1.888.REAL.BIZ (888.732.5249).

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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