These statistics were available as of March 26,2007 for immediate release by The Maine Association of Realtors. As the chart shows, Maine as a whole, is up, while the national median average is down 1.5 percent. Read on…
SOUTH PORTLAND (March 26, 2007) – Single-family home prices are on the rise in Maine. According to the Maine Real Estate Information System, Inc., sales prices of existing homes were up 4.84 percent during the month of February when compared to one year ago.
The statewide median existing home sales price reached $193,950 for the month, up from February 2006’s price of $185,000. The median sales price indicates that half of the homes were sold for more and half sold for less. A total of 698 homes changed hands during the month, down a slight 1.13 percent.
Nationally, sales of single-family, existing homes decreased 3.4 percent from last February. According to the National Association of Realtors (NAR), the median sales price for those homes dropped 1.5 percent to $211,100.
In the Northeastern United States, sales were on the rise; NAR reported a 3.4 percent increase in February’s sales. The regional median sales price dipped 1.4 percent to $265,900.
Realtors describe an increased interest in Maine real estate. Cindy Kailey Hiebert, with Mahoosuc Realty, Inc. in Bethel, says, “Real estate activity in the Bethel area appears to be picking up. Historically, buyers start looking for property during the spring and summer months for the upcoming ski season. There is a nice selection of property available at all price points.”
A chart showing statistics for Maine and its 16 counties follows. The first chart lists statistics for the month of February only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) in the rolling quarter of December, January and February of this year and last.
Maine Real Estate Statistics -February 2007 Housing Report-3/26/07
|FEBRUARY ONLY CHART|
|From February 1- February 28, 2006 to February 1, 2006 – February 28, 2007|
|County||# Units Sold 2006||# Units Sold 2007||% Change||MSP 2006||MSP 2007||% Change|
|ROLLING QUARTER CHART|
|From December 1, 2005- February 28, 2006 to December 1, 2006 – February 28, 2007|
|County||# Units Sold 2005-06||# Units Sold 2006-07||%Change||MSP 2005-06||MSP 2006-07||% Change|
Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 5,200 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.