" " " Maine's Waterfront Real Estate News: Maine Bucks the Trend !!!

Tuesday, September 4, 2007

Maine Bucks the Trend !!!

While most of the rest of the country is experiencing a continued slump in the real estate market, sales and prices of Maine's single family homes rose over 4% in July. The Maine Association of Realtors reports that 4.26% more homes sold this July when compared to July 2006. Not only did sales increase, but the median sales prices increased 4.74%. A total of 1,247 homes sold during July 2007, up from last July's sales of 1,196 homes. The median sales price reached $199,000 -- a 4.74% increase from July 2006's price of $190,000. Nationally, sales of existing, single family homes dropped 9.3% from July 2006.. According to NAR, the national median sales price dipped 1%.

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