Home Sales Were Up In Maine In October

Nov 22, 2017

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.