SOUTH PORTLAND (June 21, 2012) — Sales of single-family existing homes in Maine continue in solidly positive territory, according to the Maine Real Estate Information System, Inc. Realtors sold 1,035 homes statewide during the month of May, a jump of 32.02 percent from last year. The median sales price (MSP) rose 7.42 percent to $178,000. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors (NAR) reported a sales increase of 10.4 percent for national existing single-family homes. Prices were up 7.7 percent nationwide to a national MSP of $182,900. Regionally, sales in the Northeast increased 7.3 percent and the regional MSP rose 3.8 percent to $250,700.

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

Androscoggin 158 162 2.53% $126,375 $132,500 4.85%

Aroostook 68 83 22.06% $77,500 $88,000 13.55%

Cumberland 593 716 20.74% $222,000 $221,000 -0.45%

Franklin 58 57 -1.72% $128,000 $140,000 9.38%

Hancock 85 109 28.24% $156,500 $178,000 13.74%

Kennebec 195 217 11.28% $135,000 $130,000 -3.70%

Knox 77 88 14.29% $169,500 $184,000 8.55%

Lincoln 42 75 78.57% $131,500 $188,000 42.97%

Oxford 93 105 12.90% $129,900 $112,000 -13.78%

Penobscot 213 231 8.45% $118,000 $131,000 11.02%

Piscataquis 31 35 12.90% $59,000 $60,000 1.69%

Sagadahoc 59 63 6.78% $175,000 $185,000 5.71%

Somerset 70 77 10.00% $86,000 $94,500 9.88%

Waldo 54 62 14.81% $134,250 $163,500 21.79%

Washington 16 42 162.50% $112,500 $86,000 -23.56%

York 376 468 24.47% $195,000 $205,500 5.38%

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?