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March 25, 2008

Maine home sales down 20% in February

Maine home sales fell 20% from February 2007 to February 2008, the Maine Association of Realtors said yesterday.

Realtors sold 555 existing, single-family homes last month, compared to 698 homes last February, according to a press release. The median sales price of Maine homes fell 2% during the same period, to $190,000.

Nationally, home sales fell 22.9% from February 2007 to February 2008, and the median sales price fell 8.7%, according to the trade group.

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