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February 24, 2014

Home sales jump 8.6% in January

Single-family home sales climbed 8.6% higher in January over the same month last year, which counters a 6.0% decline nationwide and a 3.1% dip across New England.

Maine Listings reported that the median sales price of single-family homes also rose 2.8% to $166,500 in January, which Maine Association of Realtors President Angelia Levesque said is a harbinger of a strong spring market.

January home sales stood at 721 for 2014, compared with 664 the previous year.

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