Home sales continue downward trend
Sales of single-family homes in Maine were down 22% in the first six months of 2008, according to a press release from the Maine Association of Realtors.
There were 4,373 single-family homes sold in Maine during the first half of 2008, 22.4% fewer than the 5,637 sold during the first half of 2007. Maine home sales in June decreased 24.3% from last June. Nationally, sales of single-family homes dropped 14.8% in June, while sales in the northeast fell 15.8% during the past 12 months.
The median sales price for homes sold in Maine during the first half of 2008 was $185,000, a 5% decrease from the median sales price of $195,000 during the first half of 2007. However, the median sales price actually climbed in five of Maine's 16 counties during the first half of 2008 (see By the numbers below).
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