MAR Press Release:  MAINE HOME SALES UP 7.56 % IN SEPTEMBER

By Jaret & Cohn Real Estate | Oct 21, 2011
Photo by: PJ Waters

SOUTH PORTLAND (October 20, 2011) — Maine real estate sales continue to climb: Single-family existing home sales increased 7.56 percent comparing September 2011 to September 2010.  According to the Maine Real Estate Information System, Inc. (MREIS), Realtors report 967 sales across Maine’s 16 counties. The statewide median sales price (MSP) decreased 6.42 percent to $159,000 in that same time period. The MSP indicates that half of the homes were sold for more and half sold for less.

Nationally, single-family existing home sales rose 12.2 percent over the past 12 months. The National Association of Realtors (NAR) reported a national median sales price of $165,600 – a decrease of 3.9 percent. In the regional Northeast sales were up 6.8 percent, while the regional MSP decreased 3.3 percent to $229,400. 

To view statistics for Maine and its 16 counties click here. The first chart lists statistics for the month of September only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the months of July, August and September of 2010 and 2011.

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,600 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.

FMI about the Mid-Coast Real Estate market contact:   Martin D. Cates at Jaret & Cohn Real Estate | 25 Park Street | Rockland ME 04841. He can be reached at 207-596-0352 ext. 103 or mcates@jaretcohn.com

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