25 May 2010
Maine Home Sales Increase in April
The federal tax credit did in fact have an impact on homes sales in Maine. As evidence, sales in April were up 63%, as this represented the last month of the program.
Maine Homes Sold
A total of 994 single family homes in Maine were sold during the month of April, a 63% increase compared with April 2009, according to a press release from the Maine Real Estate Information System.
The median sales price increased 3.4% over April 2009 to $165,450. The biggest year-to-year increase was in Franklin County, where 50 homes were sold in April, a 108% increase from last April’s 24 homes.
All 16 counties saw a hike in home sales of at least 20%. Median sales prices by county varied, however, from a nearly 22% drop in Knox County to an 82.69% increase in Washington County.
In the Northeast region, sales increased 42%, while the median sales price rose 2.1% to $243,000. Nationwide, home sales rose 20.5%, and the median sales price also increased 4.5% to $173,400.
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On our website we include sales information on “selected” towns in both Cumberland and York Counties. We also include results for both counties in total.
michael
November 22nd, 2010 at 10:07 pmpermalink