SOUTH PORTLAND (April 23, 2008) – Continued cold weather in Maine cooled many single-family real estate sales during the month of March 2008. Prices were down over three percent during the 12-month span and March sales decreased 28.41 percent, according to the Maine Real Estate Information System, Inc.

Across Maine, 650 homes changed hands during March, down from 908 homes sold in March 2007. The median sales price for homes sold was $188,000, a decrease of 3.35 percent from a year ago.

The National Association of Realtors (NAR) reported that nationwide single-family home sales were down 18.4 percent in March. The national median sales price declined 8.3 percent to $198,200. In the regional Northeast, NAR reported a sales decrease of 18.8 percent. However, the median regional sales price rose 4.6 percent to $284,300. 

Androscoggin 187 107 -42.78% $160,000 $152,000 -5.00%

Aroostook 53 43 -18.87% $79,900 $88,500 10.76%

Cumberland 597 430 -27.97% $245,000 $239,450 -2.27%

Franklin 54 39 -27.78% $149,500 $174,000 16.39%

Hancock 106 65 -38.68% $223,750 $214,701 -4.04%

Kennebec 207 160 -22.71% $143,900 $140,400 -2.43%

Knox 84 58 -30.95% $230,000 $211,000 -8.26%

Lincoln 67 49 -26.87% $213,000 $227,000 6.57%

Oxford 97 80 -17.53% $150,000 $164,500 9.67%

Penobscot 232 202 -12.93% $137,650 $134,403 -2.36%

Piscataquis 40 20 -50.00% $89,798 $124,000 38.09%

Sagadahoc 64 43 -32.81% $200,000 $179,900 -10.05%

Somerset 65 50 -23.08% $91,500 $81,250 -11.20%

Waldo 63 61 -3.17% $175,000 $170,000 -2.86%

Washington 16 9 -43.75% $117,000 $136,000 16.24%

York 362 284 -21.55% $220,000 $228,950 4.07%

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide