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Maine Home Sales Increase as Prices Dip

PORTLAND, Maine (AP) _ The Maine Association of Realtors says Maine single-family home sales increased by 7.25 percent in May.
 
    The association says 1,302 homes changed hands in May. Realtors report that median sales price dipped 4.79 percent to $169,950 in the past 12 months.
 
    Maine's home sales differ from nationwide trends. The nationwide median sales price increased 4.9 percent to $213,600 from a year ago while sales decreased 5.7 percent.
 
    Maine Association of Realtors President Angelia Levesque says she expects volume of sales to increase with summer here. She cites ``high inventory levels'' in some parts of the state for keeping prices down.
 
    The state's highest median sales price was in Cumberland County at $235,000. Lowest was in Somerset at $74,500.