" " " Maine's Waterfront Real Estate News: October 2007

Monday, October 1, 2007

Real Estate Sales Up Again in August

For the second month in a row, the Maine Association of Realtors reports that the sales of single-family existing homes in Maine has increased, with 1,425 homes sold across the state during August 2007 -- a 6.74% increae from last August's total of 1,335 homes sold. The median sales price for those homes sold remained unchanged at $195,000. Nationally, sales of single-family existing homes dropped 13% compared to August 2006. For the regional Northeast, the National Associaton of Realtors reported sales were down 5.7% from one year ago.

But, even as Maine seems to be bucking the trend compared to most other areas, it still remains a strong buyers market -- and most investors love buyers markets because they say THEY don't feel pressured -- sellers do...