June 30, 2008
Maine home sales, prices dip
By Sara Donnelly
Sales of single-family homes in Maine were down 12.4% in May, according to a press release from the Maine Association of Realtors.
The decrease from May 2007's sales was slightly less than the national slump of 14.5%. Regionally, home sales in the Northeast were down 15% in May.
Median sales prices also declined across the board during the same period -- by 5.7% to $182,000 in Maine, by 2.4% to $278,000 in the Northeast, and by 6.8% to $206,700 nationally.
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