Maine Real Estate Info

Sales of single-family homes in Maine were down 12.39% comparing May 2008 to May 2007, according to a press release from the Maine Association of Realtors.

The decrease from May 2007’s sales was slightly less than the national slump of 14.5%. Regionally, home sales in the Northeast were down 15% in May.

Androscoggin County was down 27.59% in unit sales (an improvement over the 40% down range we’ve been experiencing) and sale prices were off 7.42% over the same period last year.

Median sales prices also declined across the board during the same period — by 5.7% to $182,000 in Maine, by 2.4% to $278,000 in the Northeast, and by 6.8% to $206,700 nationally. The median sales price indicates that half the homes were sold for more and half sold for less. However, during the rolling quarter sales period, which includes the months of March, April and May combined, 5 of Maine’s 16 counties experienced an increase in the median sales price.

The complete press release is posted at http://www.mainerealtors.com

In a press release to the Maine media today, MREIS reports that April home sales in

Maine picked up from March, but were still below figures from last year.

  A total of 708 homes sold in April 2008 compared with 650 in March 2008.  MREIS reports a 23.13% drop in sales of single-family existing homes comparing April 2008 to April 2007.  According to MREIS, 708 homes were sold during the month of April 2008, down from 921 homes in April of last year. The median sales price (MSP) decreased 11.34% to $178,200, down from April 2007’s MSP of $201,000. The median sales price indicates that half of the homes were sold for more and half sold for less.  The complete press release, including county level statistics for a rolling three month period, are posted at http://www.mainerealtors.com