In a press release to the Maine media today, MREIS reports that April home sales in
Maine picked up from March, but were still below figures from last year.
A total of 708 homes sold in April 2008 compared with 650 in March 2008. MREIS reports a 23.13% drop in sales of single-family existing homes comparing April 2008 to April 2007. According to MREIS, 708 homes were sold during the month of April 2008, down from 921 homes in April of last year. The median sales price (MSP) decreased 11.34% to $178,200, down from April 2007’s MSP of $201,000. The median sales price indicates that half of the homes were sold for more and half sold for less. The complete press release, including county level statistics for a rolling three month period, are posted at http://www.mainerealtors.com