Home sales in Maine continue to rise, prices stay flat

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AUGUSTA — Home sales in Maine continue to rise compared to last year, while sale prices continue to stagnate statewide, according to data released by the Maine Association of Realtors.

Comparing single-family home sales for November through January of 2008-09 with the same in 2009-10 shows home sales increased by 37 percent statewide, with the median sales prices staying essentially flat at $165,000.

In Androscoggin, Franklin and Oxford counties, the news was even better, with home sales up 27 percent, 21 percent and 55 percent, respectively, and median sale prices up 4 percent, 10 percent and 6 percent, respectively.

January figures marked the eighth month of positive gains in Maine’s existing single-home sales market, according to the release. The month saw 484 homes sold, up about 19 percent from last January. Nationally, the National Association of Realtors reported an increase of 8.6 percent this January over last, with the median sales price slipping slightly to $163,600.

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