Central Maine Blog

MEDIAN MAINE HOME SALES PRICES UP 4.24% IN DECEMBER  Unit Sales Decrease 10.68%

SOUTH PORTLAND (January 20, 2011) - The median sales price of a single-family existing home in  Maine continues its upward track. According to the Maine Real Estate Information System, Inc.  (MREIS), the statewide median sales price (MSP) rose 4.24 percent in December 2010, compared to
December 2009. The MSP indicates that half of the homes were sold for more and half sold for less. The number of units of home sales in Maine declined 10.68 percent in that same time period.

    The National Association of Realtors (NAR) today reports that single-family home sales nationwide decreased 2.5 percent in the past year. The National Median Sales Price (MSP) dipped 0.2 percent to $169,300 comparing December 2010 to 2009. Regionally, sales in the Northeast declined 5.4
percent. The regional MSP of $237,300 reflects a decrease of 1.4 percent.

    For the full year 2010, unit home sales in Maine decreased 2.6% compared with 2009; and the  statewide median sales price of $168,750 is 2.9% higher than in 2009.

    Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of December only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the 12 months of 2009 and 2010.

DECEMBER ONLY CHART

December 1-31, 2009 – December 1-31, 2010

County # Units Sold # Units Sold % MSP MSP %  2009 2010 Change 2009 2010 Change

 STATEWIDE 852 761 -10.68% $165,000 $172,000 4.24%

 FULL YEAR CHART

From January 1, 2009 – December 31, 2009 and January 1, 2010 – December 31, 2010

County # Units Sold # Units Sold % MSP MSP %  2009 2010 Change 2009 2010 Change

 STATEWIDE 10486 10213 -2.60% $164,000 $168,750 2.90%

 Androscoggin 756 724 -4.23% $133,500 $135,750 1.69%

 Aroostook 330 326 -1.21% $88,750 $85,000 -4.23%

 Cumberland 2560 2594 1.33% $220,000 $225,300 2.41%

 Franklin 198 235 18.69% $115,250 $125,000 8.46%

 Hancock 388 429 10.57% $170,000 $175,000 2.94%

 Kennebec 1013 940 -7.21% $129,000 $132,700 2.87%

 Knox 331 331 0.00% $182,000 $176,000 -3.30%

 Lincoln 284 299 5.28% $174,500 $180,000 3.15%

 Oxford 491 455 -7.33% $135,000 $127,500 -5.56%

 Penobscot 1215 1074 -11.60% $127,000 $127,950 0.75%

 Piscataquis 162 158 -2.47% $75,000 $75,000 0.00%

 Sagadahoc 307 317 3.26% $168,000 $175,000 4.17%

 Somerset 333 299 -10.21% $95,000 $85,900 -9.58%

 Waldo 296 273 -7.77% $149,900 $150,000 0.07%

 Washington 60 63 5.00% $95,000 $95,000 0.00%

 York 1762 1696 -3.75% $190,000 $211,000 11.05%

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.