April home sales spike 63%
Home sales in April jumped 63%, fueled by the federal home buyer tax credit that expired at the end of the month.
A total of 994 single family homes in Maine were sold during the month of April, a 62.95% increase compared with April 2009, according to a press release from the Maine Real Estate Information System. The median sales price increased 3.41% over April 2009 to $165,450. The biggest year-to-year increase was in Franklin County, where 50 homes were sold in April, a 108% increase from last April's 24 homes. All 16 counties saw a hike in home sales of at least 20%. Median sales prices by county varied, however, from a nearly 22% drop in Knox County to an 82.69% increase in Washington County.
In the Northeast region, sales increased 41.6%, while the median sales price rose 2.1% to $243,000. Nationwide, home sales rose 20.5%, and the median sales price also increased 4.5% to $173,400.
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