Maine home prices defy the national slump

A great article came out in our local newspaper regarding the housing market in Maine. Here things are a little bit different. Home prices in Maine have actually risen. The article talks about a trend tahat highlights a disconnect in Maine: Over the past year, the number of homes sold has declined by double digits nearly every month. Despite that, median prices continued to edge up, or remain flat.

In November, home sales statewide were off more than 10 percent compared with a year earlier, but the median price – the point at which half the homes sold for more and half for less – rose more than 1 percent, to $188,000.

You can read the whole story here at The Maine Today site: