SOUTH PORTLAND (September 26, 2007) — For the second month in a row, sales of singlefamily existing homes in Maine have increased. According to the Maine Real Estate Information System, Inc., Realtors sold 1,425 homes across the state during August 2007--a 6.74 percent jump from last August’s total of 1,335.  The median sales price for those homes remained unchanged at $195,000. The median sales price indicates that half of the homes were sold for more and half sold for less.

Nationally, sales of single-family, existing homes dropped 13 percent since last August.  According to the National Association of Realtors (NAR), buyers paid a median existing home price of $223,900, a figure that is essentially the same as last year.  NAR also reported today that sales in the regional Northeast were down 5.7 percent from one year ago. The median sales price in the area rose 3.6 percent to $282,300.

Androscoggin 317 276 -12.93% $165,000 $163,000 -1.21%

Aroostook 114 113 -0.88% $83,450 $86,000 3.06%

Cumberland 947 991 4.65% $250,000 $259,000 3.60%

Franklin 106 94 -11.32% $135,000 $141,000 4.44%

Hancock 184 156 -15.22% $195,000 $193,750 -0.64%

Kennebec 429 362 -15.62% $155,000 $152,000 -1.94%

Knox 139 178 28.06% $199,000 $208,500 4.77%

Lincoln 139 142 2.16% $243,500 $217,500 -10.68%

Oxford 196 169 -13.78% $150,000 $156,000 4.00%

Penobscot 460 478 3.91% $149,900 $146,600 -2.20%

Piscataquis 64 72 12.50% $97,000 $122,500 26.29%

Sagadahoc 146 120 -17.81% $207,090 $212,250 2.49%

Somerset 128 95 -25.78% $110,800 $123,000 11.01%

Waldo 118 105 -11.02% $162,000 $163,000 0.62%

Washington 13 12 -7.69% $110,000 $120,000 9.09%

York 612 625 2.12% $240,000 $240,000 0.00%