Maine Home Sales Increase 26% in June

SOUTH PORTLAND (July 19, 2012) — In June 2012, sales of single-family existing homes in Maine again increased by double-digits. According to the Maine Real Estate Information System, Inc. (MREIS), 1,247 homes sold last month, up 26.6 percent compared with June 2011. The median sales price (MSP) in that same time period increased 1.68 percent to $175,500. The MSP indicates that half of the homes were sold for more and half sold for less. The National Association of Realtors (NAR) reports a sales increase of 4.8 percent for national existing single-family homes. Prices are up 8.0 percent nationwide to a national MSP of $190,100. Regionally, sales in the Northeast increased 1.9 percent and the regional MSP declined 1.8 percent to $253,700.