Maine home sales increase in July
Single-family existing home sales in Maine increased in July by 20% over the same month last year while the median sales price increased by a smaller percentage.
Maine home sales reached 1,749 units in July, with 1,455 units having sold in the same month last year, according to new data from the Maine Realtors Association. The state’s median sales price in July was $188,900, a 4.08% increase from a year ago.
On the national level, single-family existing home sales in July increased 11% from the previous year, according to the National Association of Realtors. The national median sales price for July was at $235,000, a 5.8% increase. Home sales in the Northeast for July increased 9.4% while the regional median sales price increased 1.3% to $277,200.
“Although the market is stable, buyers are more informed than ever,” Marie Flaherty, president of the Maine Association of Realtors, said in a statement. “In order to sell a home in a reasonable time frame, it is important to price it appropriately.”
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