SOUTH PORTLAND (July 25, 2008) - Sales of single-family existing homes in Maine continued to decrease in June 2008. According to the Maine Real Estate Information System, Inc. (MREIS), Realtors sold 996 homes last month, a drop of 24.32 percent from last June’s sales figure of 1,316 homes. During the past 12 months, Maine’s median sales price has decreased nearly six percent to $188,000. The median sales price indicates that half of the homes were sold for more and half sold for less.

There is some good news for sellers; the median sales price climbed in five of Maine’s 16 counties during the months of January through June combined.  The National Association of Realtors (NAR) reported a nationwide sales drop of 14.8 percent in June. The national median existing single-family home price dipped 6.7 percent to $213,800. Regionally, sales in the Northeast fell 15.8 percent during the past 12 months.  According to NAR, the regional median sales price decreased 12.6 percent to $256,700.

Androscoggin 419 315 -24.82% $162,500 $155,000 -4.62%

Aroostook 136 124 -8.82% $89,000 $91,250 2.53%

Cumberland 1480 1125 -23.99% $249,900 $236,000 -5.56%

Franklin 127 87 -31.50% $136,000 $140,000 2.94%

Hancock 222 175 -21.17% $212,750 $199,100 -6.42%

Kennebec 514 384 -25.29% $145,000 $140,000 -3.45%

Knox 208 172 -17.31% $220,000 $196,500 -10.68%

Lincoln 157 120 -23.57% $220,000 $213,750 -2.84%

Oxford 238 187 -21.43% $148,250 $151,500 2.19%

Penobscot 621 514 -17.23% $144,000 $135,000 -6.25%

Piscataquis 88 55 -37.50% $101,250 $88,350 -12.74%

Sagadahoc 155 124 -20.00% $205,000 $190,400 -7.12%

Somerset 159 130 -18.24% $107,000 $97,500 -8.88%

Waldo 142 134 -5.63% $151,875 $165,000 8.64%

Washington 31 23 -25.81% $95,000 $136,000 43.16%

York 940 704 -25.11% $234,765 $227,000 -3.31%