Central Maine Blog

October 27th, 2008 1:49 PM

MREIS PRESS RELEASE: In a press release to the media today, MREIS reports 928 homes were sold statewide in September 2008 statewide compared to September 2007’s statistic of 1,028 homes, a decrease of dipped 9.73 percent. Maine’s median sales price for a single-family existing home is $177,750 in September 2008, down 6.45% from one year ago. The median sales price indicates that half of the homes were sold for more and half sold for less. Nationwide, NAR reports single-family existing home sales were up 3.8% in September compared with the prior year; and the national median sales price of $190,600 represents an 8.6% decline. Regionally, sales in the Northeast are 7.7% lower than a year ago. The regional median sales price was $246,800 - a decrease of 5.4 percent. 

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, single family homes sold (units) and volume (MSP) during the months of July, August and September of 2007 and 2008.

SEPTEMBER ONLY CHART

From September 1-30, 2007 and September 1-30, 2008

County # Units Sold # Units Sold % MSP MSP %

2007 2008 Change 2007 2008 Change

STATEWIDE 1028 928 -9.73% $190,000 $177,750 -6.45%

ROLLING QUARTER CHART

From July 1, 2007 – September 30, 2007 and July 1, 2008 – September 30, 2008

County # Units Sold # Units Sold % MSP MSP %

2007 2008 Change 2007 2008 Change

STATEWIDE 3700 2915 -21.22% $195,000 $182,500 -6.41%

Androscoggin 251 197 -21.51% $165,000 $145,000 -12.12%

Aroostook 118 95 -19.49% $77,175 $100,000 29.58%

Cumberland 876 709 -19.06% $255,000 $238,825 -6.34%

Franklin 101 75 -25.74% $142,000 $125,000 -11.97%

Hancock 171 117 -31.58% $192,000 $235,000 22.40%

Kennebec 334 315 -5.69% $155,950 $141,500 -9.27%

Knox 157 83 -47.13% $208,000 $192,000 -7.69%

Lincoln 127 88 -30.71% $239,000 $189,750 -20.61%

Oxford 178 118 -33.71% $145,750 $138,950 -4.67%

Penobscot 400 317 -20.75% $145,000 $141,000 -2.76%

Piscataquis 69 47 -31.88% $120,000 $108,000 -10.00%

Sagadahoc 114 71 -37.72% $211,600 $180,000 -14.93%

Somerset 92 100 8.70% $120,000 $125,000 4.17%

Waldo 118 79 -33.05% $185,000 $159,000 -14.05%

Washington 13 17 30.77% $110,000 $77,000 -30.00%

York 581 487 -16.18% $238,000 $224,900 -5.50%

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 5,200 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 27th, 2008 1:49 PMPost a Comment (0)
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