Maine Real Estate – Maine Housing Press Release – September 2008 Statistics

MREIS PRESS RELEASE:  In a press release to the media today, MREIS reports 928 homes were sold statewide in September 2008 statewide compared to September 2007’s statistic of 1,028 homes, a decrease of dipped 9.73 percent.  Maine’s median sales price for a single-family existing home is $177,750 in September 2008, down 6.45% from one year ago. The median sales price indicates that half of the homes were sold for more and half sold for less.  Nationwide, NAR reports single-family existing home sales were up 3.8% in September compared with the prior year; and the national median sales price of $190,600 represents an 8.6% decline. Regionally, sales in the Northeast are 7.7% lower than a year ago.  The regional median sales price was $246,800 – a decrease of 5.4 percent. 

Here’s a look at the year-over-year change in median sales price (MSP) in Maine’s 16 counties during the three month period between July and September.

 

County MSP 2007 MSP 2008 % change
Aroostook $77,175 $100,000 29.58%
Hancock $192,000 $235,000 22.40%
Somerset $120,000 $125,000 4.17%
Penobscot $145,000 $141,000 -2.76%
Oxford $145,750 $138,950 -4.67%
York $238,000 $224,900 -5.50%
Cumberland $255,000 $238,825 -6.34%
Knox $208,000 $192,000 -7.69%
Kennebec $155,950 $141,500 -9.27%
Piscataquis $120,000 $108,000 -10.00%
Franklin $142,000 $125,000 -11.97%
Androscoggin $165,000 $145,000 -12.12%
Waldo $185,000 $159,000 -14.05%
Sagadahoc $211,600 $180,000 -14.93%
Lincoln $239,000 $189,750 -20.61%
Washington $110,000 $77,000 -30.00%
       
Statewide $195,000 $182,500 -6.41%
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