Maine home sales rise, prices don’t

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Homes sales in Maine continue to rise, with February sales of single-family homes up 14 percent compared to February 2009. However, data from the Maine Association of Realtors released Wednesday indicates the median sales price remained exactly the same: $158,000.

The news was better for the tri-county area when comparing home sales volume and prices in Maine the last three months versus the same three months a year ago. (See chart.) Androscoggin County has seen a 22 percent increase in sales and an almost 7 percent rise in median sales price to $140,000, and Franklin County has seen a 95 percent increase in sales and an 89 percent increase in sales price to $122,900. Oxford County has seen a 64 percent increase in sales but a 7 percent reduction in median sales price to $120,000 compared to last year.

The 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, home sales nationally rose 4.3 percent in February 2010 compared to one year ago. The national median sales price for those homes dipped 2.1 percent to $164,300. Regionally, sales in the Northeast were up 12 percent and the regional median sales price increased 7.5 percent to $254,700.

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