In a press release to the media today, MREIS reports a 1.95% decrease in median sales prices and 12.23% decrease in unit sales for homes statewide in Maine comparing October 2007 to October 2006. The median sales price was $188,500 in October, down from $192,250 one year ago. Median sales price indicates half of the homes were sold for more and half sold for less. NAR reports national sales of single-family existing homes dropped 20.8% in October. The national median existing single-family home price decreased 6.3% in one year to $205,700. In the regional Northeast, sales were down 12.6 percent; and the regional median sales price rose 1.3% in October to $258,700.
In Androscoggin County where unit sales are down 22.56% in 2007 verses same time period in 2006, however, the median sales price is up 1.66% during the same time frame.