Statewide home sales up; median sales price down
Statewide sales of single-family existed homes in March have increased by nearly 13% from last year, but the median sales price has declined by almost 5% to $162,000.
Data provided by the Maine Association of Realtors shows that home sales in the year’s first quarter rose by 10.25% from the same period last year. The median sales price for the same period only increased by .93%.
While most counties saw an increase in home sales over the first quarter last year— with Aroostook showing the largest increase at 30.77% — Somerset and Washington counties dipped by 7.14% and 6.06%, respectively.
For changes in median sales price, counties were evenly split between increases and decreases. Knox County had the largest increase, at 23.87% to $192,000, while Sagadahoc County had the largest decrease, at 19.79% to $146,750.
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