Single-family existing home sales in Maine rose by double digits during 2009. The Maine Real Estate Information System, Inc. (MREIS) reports a total of 10,486 homes sold in 2009 - a 10.36 percent increase in home sales compared with 2008. The median home sales price (MSP) of $164,000 reflects a decrease of 8.89 percent in that same time period. Median sales price indicates that half of the homes were sold for more and half sold for less.
According to The National Association of Realtors (NAR), 2009 nationwide sales increased 5.0 percent. The single-family national median sales price declined 11.9 percent to $173,200.
For the month of December only, Maine Realtors reported 852 home sales, up 35.89 percent from December 2008. The median sales price for December 2009 of $165,000 reflects a 1.54 percent gain. Regionally, NAR reports that December 2009’s sales are up 21.3 percent when compared to the same month in 2008. The regional median sales price rose 3.2 percent to $241,700.
“Overall, the trends are very positive,” said Ann McFarland, broker with Mitchell & Byers Realty in Damariscotta. “They indicate that buyers are purchasing homes and that sellers are serious.”
Following are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of December only, statewide. The second chart compares the number of single-family, existing homes sold (units) and price (MSP) during the 12 months of 2008 and 2009.
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