In a press release to the Maine media today, the Maine Association of Realtors reports a 12.39% decrease in home sales comparing May 2008 to May 2007. The median sales price for those homes was down 5.7% to $182,000. The median sales price indicates that half the homes were sold for more and half sold for less. However, during the rolling quarter sales period, which includes the months of March, April and May combined, 5 of Maine's 16 counties experienced an increase in the median sales price. Nationally, single-family home sales were 14.5% lower than in May 2007.
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