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Maine home sales increased for the third consecutive month in August, but the median sales price continues its downward slide, according to a new report from the Maine Association of Realtors.
In August, Maine Realtors sold 1,095 existing homes, a nearly 10% increase from the number of homes sold in August 2008. But during the same period, the median sales price for those homes fell 9.6%, from $180,000 to $162,800. The $8,000 tax credit for first-time homebuyers helped drive sales, according to the press release.
Nationally, single-family home sales are up 2.5% in August, while the median sales price fell 12.1% during the same period, to $177,500.
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Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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