Maine Real Estate July 2008 Home Sales

In a press release to the media today, MREIS reports sales of single-family existing homes in Maine slowed by 17.24% last month — 1,032 in July 2008, down from 1,247 homes sold in July of 2007. The statewide median sales price dipped 3.52% to $192,000 in July. The median sales price indicates that half of the homes were sold for more and half sold for less.  Real estate sales across the country were down 12.4%.  Statistics released by NAR indicate a national median sales price of $210,900 – a decrease of 7.7% over the past 12 months.  NAR reported a regional sales decrease of 11.8% for the Northeast.  The regional median sales price was down 4.9% to $278,700.  The complete press release is posted at mainerealtors.com

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