Central Maine Blog

Sales of single-family existing homes in Maine slowed by 17.24 percent last month. According to the Maine Real Estate Information System,Inc. (MREIS), 1,032 homes changed hands in July 2008, down from 1,247 homes sold in July of last year.  The statewide median sales price dipped 3.52 percent to $192,000 in July. The median sales price indicates that half of the homes were sold for more and half sold for less. 

Real estate sales across the country were down 12.4 percent.   Statistics released by The National Association of Realtors (NAR) indicate a national median sales price of $210,900—a decrease of 7.7 percent over the past 12 months.  NAR reported a regional sales dip of 11.8 percent for the Northeast. The regional median sales price was down 4.9 percent to $278,700.

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of July only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the months of May, June and July of 2007 and 2008.

Maine Real Estate Statistics –July 2008 Housing Report—8/25/08

From July 1-31, 2007 and July 1-31, 2008

County # Units Sold # Units Sold % MSP MSP %  2007 2008 Change 2007    2008 Change

STATEWIDE 1247 1032 -17.24% $199,000 $192,000 -3.52%

ROLLING QUARTER CHART

From May 1, 2007 – July 31, 2007 and May 1, 2008 – July 31, 2008

County # Units Sold # Units Sold % MSP MSP %        2007 2008 Change 2007 2008 Change

STATEWIDE 3669 2997 -18.32% $197,000 $188,000 -4.57%

Androscoggin 258 230 -10.85% $165,000 $155,000 -6.06%

Aroostook 101 95 -5.94% $93,000 $99,000 6.45%

Cumberland 953 793 -16.79% $255,588 $239,900 -6.14%

Franklin 79 59 -25.32% $136,000 $125,000 -8.09%

Hancock 143 121 -15.38% $205,000 $194,000 -5.37%

Kennebec 334 276 -17.37% $148,250 $142,750 -3.71%

Knox 155 121 -21.94% $210,000 $200,000 -4.76%

Lincoln 102 78 -23.53% $237,393 $196,250 -17.33%

Oxford 170 114 -32.94% $155,000 $140,000 -9.68%

Penobscot 437 332 -24.03% $145,000 $136,000 -6.21%

Piscataquis 60 44 -26.67% $127,000 $85,425 -32.74%

Sagadahoc 103 88 -14.56% $205,000 $195,000 -4.88%

Somerset 95 91 -4.21% $117,300 $110,000 -6.22%

Waldo 90 70 -22.22% $153,675 $159,500 3.79%

Washington 12 18 50.00% $116,750 $134,500 15.20%

York 577 467 -19.06% $240,000 $228,500 -4.79%

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 5,100 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.


Posted by Rachel Anderson on August 26th, 2008 12:49 PMPost a Comment (0)

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Rachel Anderson, Realtor Brokered by Coldwell Banker Plourde Real Estate 143 Silver Street, Suite 4 Waterville, ME 04901
Phone: Toll Free Phone: Cell: Fax:

Why Choose Us | About ME | Contact Us | Office Map | Dictionary/Glossary | Albion | First Time Buyers | Selling Your Home | Featured Homes | Home | Request Industry Info | Staging Video | Foreclosure Lists | Central Maine Blog

Copyright © 2013 Rachel Anderson, Realtor Brokered by Coldwell Banker Plourde Real Estate
Portions Copyright © 2013 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: