Maine Real Estate Sales up 6.74% In August For Single Family Homes

 MREIS – SALES UP 6.74% IN AUGUST: In a press release to the media today, MREIS reports that for the second month in a row, sales of single-family existing homes in Maine have increased.  According to MREIS, 1,425 homes sold across the state during August 2007 – a 6.74% jump from last August’s total of 1,335.  The median sales price for those homes remained unchanged at $195,000. The median sales price indicates that half of the homes were sold for more and half sold for less. Nationally, sales of single-family, existing homes dropped 13% since last August.  According to NAR, buyers paid a median existing home price of $223,900, a figure that is essentially the same as last year. NAR also reported sales in the regional Northeast were down 5.7% from one year ago.  The median sales price in the area rose 3.6% to $282,300.  Complete press release posted at http://www.mainerealtors.com

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