SOUTH PORTLAND (April 23, 2008) – In a press release to the Maine media today, MREIS reports that Maine’s statewide median home price decreased 3.35% since last March, to $188,000. Unit sales decreased 28.41% in that same time period. Nationally, single-family home sales decreased 18.4% in March, and the national median sales price decreased 8.3%.
Continued cold weather in Maine cooled many single-family real estate sales during the month of March 2008. Prices were down over three percent during the 12-month span and March sales decreased 28.41 percent, according to the Maine Real Estate Information System, Inc.
The complete press release, which includes first quarter sales by County is posted at http://www.mainerealtors.com.