Long Island, ME home prices and housing market

Long Island, Maine has just two homes for sale right now, and not one of them has cut its price. Here is what a market this empty means if you are thinking about selling. Two homes is the entire supply on Long Island today, and zero new listings came on the market in the past month, so nothing fresh is arriving to compete with what is already there. Meanwhile values keep climbing. The typical Long Island home is now worth about six hundred forty-nine thousand dollars, up nearly 5 percent from a year ago. But here is the part that surprises people. The median asking price sits around five hundred ninety-nine thousand dollars, well below that typical value, and homes are still selling in roughly thirty days. In other words, sellers who price realistically are getting snapped up fast, and nobody is being forced to discount. The catch is that with so few sales, the usual comparable sales simply do not exist, so even in a market this tight, pricing your specific home is genuinely hard. If you own here, you face almost no competition and hold real leverage, but only if you get the number right from day one. To find out what your Long Island home could sell for today, get a free estimate at Home Value Pros dot com.