In addition to News about Maine Real Estate, our blog is intended to entertain and enlighten -- Maine is definitely a "waterfront" state: 3478 miles of coastline, 3000 offshore islands, 5785 lakes and ponds and over 5000 rivers and streams -- so, as we come across some interesting facts or information that relates to living in Maine, or waterfront real estate, activities or issues in this spectacular region -- we'll share it with you. Hopefully, if you have a comment, you will jump right in...
Wednesday, August 25, 2010
Maine Home Prices Up...Sales Down
In a press release today, The Maine Association of Realtors reports Maine home sales decreased 30.07% in July 2010 compared with July 2009. The decrease was anticipated, reflective of the end of the federal tax credit which had created an accelerated demand to go under contract by a specific date. National home sales figures show a 25.6% decrease in that same time period, and the Northeast a 30.03% decrease. However, Maine median home sales prices are still increasing. The median sales price rose 4.23% to $172,500 in July 2010, compared with July 2009. Median indicates half sold for more and half for less.
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