Central Maine Blog

Sales of Maine’s single-family existing homes increased 14.74 percent during the month of August 2011 compared with August 2011, according to the Maine Real Estate Information System, Inc. (MREIS). Home prices decreased 2.8 percent over the same 12 months to a statewide median sales price (MSP) of $165,000. The MSP indicates that half of the homes were sold for more and half sold for less.
The National Association of Realtors (NAR) reports a 20.2 percent increase in August home sales, nationwide. The national MSP declined 5.4 percent to $168,400. Sales in the regional Northeast increased 10 percent and the regional MSP decreased 5.1 percent to $244,100.

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of August only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the months of June, July and August of 2010 and 2011.

AUGUST ONLY CHART
August 1-31, 2010– August 1-31, 2011
County # Units Sold # Units Sold % MSP MSP % 2010 2011 Change 2010 2011 Change

STATEWIDE 950 1090 14.74% $169,750 $165,000 -2.80%
ROLLING QUARTER CHART
From June 1, 2010 – August 31, 2010 and June 1, 2011 – August 31, 2011

County # Units Sold # Units Sold % MSP MSP % 2010 2011 Change 2010 2011 Change
STATEWIDE 3010 3069 1.96% $172,500 $170,000 -1.45%
Androscoggin 210 213 1.43% $138,250 $140,000 1.27%
Aroostook 110 99 -10.00% $85,950 $80,000 -6.92%
Cumberland 804 800 -0.50% $242,000 $235,000 -2.89%
Franklin 68 75 10.29% $128,500 $126,500 -1.56%
Hancock 115 118 2.61% $172,500 $165,000 -4.35%
Kennebec 291 270 -7.22% $135,000 $140,450 4.04%
Knox 96 94 -2.08% $179,750 $174,000 -3.20%
Lincoln 90 73 -18.89% $203,500 $185,000 -9.09%
Oxford 133 140 5.26% $140,000 $125,000 -10.71%
Penobscot 323 339 4.95% $130,000 $137,000 5.38%
Piscataquis 47 56 19.15% $94,000 $75,000 -20.21%
Sagadahoc 81 93 14.81% $175,000 $163,000 -6.86%
Somerset 92 90 -2.17% $86,000 $109,000 26.74%
Waldo 76 78 2.63% $142,750 $137,250 -3.85%
Washington 19 19 0.00% $90,000 $90,000 0.00%
York 455 512 12.53% $218,250 $210,000 -3.78%

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,600 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.