March 25, 2016
February home sales in Maine increase as prices dip
Good news continues for real estate agents and hopeful homeowners across the state as the Maine Association of Realtors announced a jump in the sales volume for single-family homes in February.
Sales of single-family homes in the state rose by 21.72% compared to one year ago, with 891 homes sold in February as the median price fell to $160,000, a 4.42% drop, according to the association.
This drop in median price is the first time in four years the monthly price was lower than the same month the year before.
Nationally, existing single-family home sales increased 2.0% and the median home sale price jumped by 4.3% to $212,300.
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