Home Sales Were Up In Maine In October

Maine Public | By Ed Morin

Published November 22, 2017 at 5:59 AM EST

Sales of single family homes in Maine were up 8 percent in October compared to the year before. The median sales price for those homes was also up.

That's according to the Maine Association of Realtors. The trade group says the median sales price last month was $205,000, 6.5 percent more than in October, 2016.

Maine Association of Realtors President Greg Gosselin says while the inventory of homes for sale is still at historic lows, it is improving, though it might have leveled off in October.

Nationally, sales of single-family existing homes edged down 1 percent last month compared to the year before. The national median sales price was up 5.4 percent in October to just over $248,000.

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Ed Morin

Ed is a Maine native who spent his early childhood in Livermore Falls before moving to Farmington. He graduated from Mount Blue High School in 1970 before going to the University of Maine at Orono where he received his BA in speech in 1974 with a broadcast concentration. It was during that time that he first became involved with public broadcasting. He served as an intern for what was then called MPBN TV and also did volunteer work for MPBN Radio.

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