Central Maine Blog

October 24th, 2007 4:28 PM

STATEWIDE REAL ESTATE SALES DOWN 16 PERCENT IN SEPTEMBER;MEDIAN PRICES DOWN SLIGHTLY

    Home sales across the state of Maine dropped 16 percent in September after two months of positive statistical data. According to the Maine Real Estate Information System, Inc., a total of 1,028 homes changed hands during the month of September2007. That figure is down from last September’s total of 1,225 homes sold.  The median sales price for those homes dipped to $190,000, reflecting a change of just over one percent. 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) reported that national sales of single-family homes are down 19.8 percent from September 2006. The national median sales price decreased 4.9 percent to $210,200.

    Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of September only, statewide. The second chart compares the number of existing, singlefamily homes sold (unit) and volume (MSP) during the months of July, August and September of 2006 and 2007.

SEPTEMBER ONLY CHART

From September 1-30, 2006 and September 1-30, 2007

County # Units Sold # Units Sold % MSP MSP % Change 2006 2007 Change 2006 2007

STATEWIDE 1225 1028 -16.08% $192,000 $190,000 -1.04%

ROLLING QUARTER CHART

From July 1, 2006 - September 30, 2006 and From July 1, 2007 September 30, 2007

County # Units Sold # Units Sold % MSP MSP % Change 2006 2007 Change 2006 2007

STATEWIDE 3756 3700 -1.49% $192,000 $195,000 1.56%

Androscoggin 294 251 -14.63% $165,000 $165,000 0.00%

Aroostook 120 118 -1.67% $84,950 $77,175 -9.15%

Cumberland 812 876 7.88% $255,000 $255,000 0.00%

Franklin 102 101 -0.98% $135,000 $142,000 5.19%

Hancock 156 171 9.62% $188,500 $192,000 1.86%

Kennebec 368 334 -9.24% $149,900 $155,950 4.04%

Knox 129 157 21.71% $192,000 $208,000 8.33%

Lincoln 124 127 2.42% $260,000 $239,000 -8.08%

Oxford 200 178 -11.00% $150,000 $145,750 -2.83%

Penobscot 421 400 -4.99% $147,000 $145,000 -1.36%

Piscataquis 66 69 4.55% $105,000 $120,000 14.29%

Sagadahoc 117 114 -2.56% $199,000 $211,600 6.33%

Somerset 122 92 -24.59% $113,500 $120,000 5.73%

Waldo 126 118 -6.35% $166,000 $185,000 11.45%

Washington 16 13 -18.75% $118,750 $110,000 -7.37%

York 583 581 -0.34% $242,000 $238,000 -1.65%

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 5,800 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 October 24th, 2007 4:28 PMPost a Comment (0)

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