Real estate sales median prices remain positive in Maine. According to the Maine Real Estate Information Service (MREIS), the median sales price for a single-family existing home increased 5.09 percent since Jan. 2009, reaching $160,000. The median sales price (MSP) indicates that half of the homes were sold for more and half sold for less.
A total of 484 homes sold in Jan. 2010 – up 18.63 percent from 12 months ago. During the rolling quarter of November, December and January, home sales increased 36.87 percent. January marks the eighth month of positive gains in Maine’s existing home sales market.
The National Association of Realtors (NAR) reported a nationwide sales increase of 8.6 percent in Jan. 2010 compared with Jan. 2009. The national median existing single-family sales price slipped 0.4 percent to $163,600. Sales in the Northeast rose 22.4 percent; the regional median sales price of $245,300 reflects a gain of 8.8 percent.
