Maine Home Sales Up in July

Aug 22, 2014

SOUTH PORTLAND, Maine — Sales of single-family homes in Maine, along with the median sales price, were up modestly in July compared to the year before. The Maine Association of Realtors is reporting that Maine home sales saw a two percent increase last month. The median price increased 1.4 percent to $181,500.

Maine Association of Realtors President Angelia Levesque says it appears that the market is steadying.

"There's a lot of new inventory hitting the market and usually this time of year we don't necessarily have that fresh inventory, so people that are looking to buy: great inventory to choose from right now and interest rates are still low," she says.

Nationally home sales saw a 4 percent drop in July, while the national median sales price was up just over five percent.