Central Maine Blog

MAINE HOME SALES UP 13.16 PERCENT IN MARCH

MEDIAN SALES PRICE INCREASES 0.19 PERCENT

SOUTH PORTLAND (April 19, 2012) — Sales of single-family existing homes in Maine increased by double-digits again in March. According to the Maine Real Estate Information System, Inc., statewide home sales increased 13.16 percent, comparing March 2012 to March 2011. This is the ninth consecutive month of positive unit sales increases. The median sales price (MSP) increased 0.19 percent to $160,000 in that same time period; the first increase since July 2011. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors reports that nationwide, single-family existing home sales rose 5.9 percent and the national MSP increased 1.9 percent to $163,600, comparing March 2012 to March 2011. Regionally, sales in the Northeast were up 5.5 percent while prices slipped 1.9 percent to $228,300 in that same time period.

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of March only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the months of January, February and March of 2011 and 2012.

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Maine Real Estate Statistics – March 2012 Housing Report—4/19/12—Page 2 of 2

MARCH ONLY CHART

March 1-31, 2011– March 1-31, 2012

County # Units Sold # Units Sold % MSP MSP % 2011 2012 Change 2011 2012 Change

STATEWIDE 646 731 13.16% $159,700 $160,000 0.19%

ROLLING QUARTER CHART

From January 1, 2011 –March 31, 2011 and January 1, 2012 –March 31, 2012

County # Units Sold # Units Sold % MSP MSP % 2011 2012 Change 2011 2012 Change

STATEWIDE 1664 1902 14.30% $159,900 $155,000 -3.06%

Androscoggin 103 130 26.21% $110,000 $120,000 9.09%

Aroostook 44 65 47.73% $68,000 $79,000 16.18%

Cumberland 424 480 13.21% $211,500 $214,500 1.42%

Franklin 51 46 -9.80% $128,000 $84,950 -33.63%

Hancock 66 82 24.24% $163,375 $161,000 -1.45%

Kennebec 136 138 1.47% $123,500 $129,500 4.86%

Knox 67 65 -2.99% $200,000 $168,500 -15.75%

Lincoln 41 63 53.66% $157,000 $154,600 -1.53%

Oxford 76 89 17.11% $129,619 $110,000 -15.14%

Penobscot 177 187 5.65% $107,000 $110,000 2.80%

Piscataquis 42 31 -26.19% $76,000 $60,000 -21.05%

Sagadahoc 52 55 5.77% $163,200 $155,000 -5.02%

Somerset 46 59 28.26% $86,750 $79,000 -8.93%

Waldo 52 50 -3.85% $144,250 $167,000 15.77%

Washington 16 24 50.00% $127,500 $85,500 -32.94%

York 271 338 24.72% $192,500 $186,500 -3.12%

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 4,100 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated. Contacts: Maine Association of REALTORS?

Posted by Rachel Anderson on April 22nd, 2012 1:36 PMPost a Comment (0)
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