SOUTH PORTLAND (November 29, 2007) -- Sales of Maine real estate continued to drop in October 2007, while prices for single-family, existing homes dipped a slight 1.95 percent.  According to the Maine Real Estate Information System, Inc., Realtors reported 1,041 sales across Maine last month. This is down 12.23 percent compared to 1,186 sales during the month of October 2006.

The median sales price for a single-family existing home was $188,500 in October, down slightly from $192,250 one year ago. The median sales price indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors (NAR) today reported that national sales of singlefamily existing homes dropped 20.8 percent in October. The national median existing singlefamily home price decreased 6.3 percent in one year to $205,700.

In the regional Northeast, sales were down 12.6 percent. However, NAR said the regional median sales price rose 1.3 percent in October to $258,700.

Buyers want to know: Is this the time to buy?  YES - BUY IT RIGHT!

Androscoggin 297 230 -22.56% $160,000 $162,650 1.66%

Aroostook 124 115 -7.26% $84,725 $80,000 -5.58%

Cumberland 850 792 -6.82% $255,000 $254,943 -0.02%

Franklin 101 104 2.97% $130,000 $141,000 8.46%

Hancock 164 160 -2.44% $197,500 $200,000 1.27%

Kennebec 371 311 -16.17% $144,900 $155,000 6.97%

Knox 121 140 15.70% $214,000 $204,031 -4.66%

Lincoln 130 130 0.00% $270,950 $237,500 -12.35%

Oxford 198 170 -14.14% $157,000 $143,750 -8.44%

Penobscot 388 373 -3.87% $142,600 $140,000 -1.82%

Piscataquis 74 68 -8.11% $120,000 $128,500 7.08%

Sagadahoc 96 107 11.46% $200,000 $189,000 -5.50%

Somerset 112 106 -5.36% $110,850 $120,000 8.25%

Waldo 117 124 5.98% $165,000 $204,250 23.79%

Washington 19 14 -26.32% $92,500 $110,000 18.92%

York 584 550 -5.82% $240,000 $239,950 -0.02%