MAINE REAL ESTATE SALES DOWN 15.8 PERCENT IN DECEMBER
SOUTH PORTLAND (January 27, 2009)—Sales of Maine’s single-family existing homes fell
15.84 percent in December 2008 and 20.91 percent for all of 2008. According to the Maine
Real Estate Information System, Inc., Realtors sold 9,502 homes last year, compared to
12,014 in 2007. The median sales price for those homes decreased by 12.63 percent in
December and was down 7.22 percent for all of 2008. The median sales price indicates that
half of the homes were sold for more and half sold for less.
The statewide median sales price in Maine was $99,990 in 1998. The statewide median sales
price is $180,000 for 2008 showing considerable long-term strength.
Nationally, sales of single-family existing homes dipped 1.4 percent in December 2008.
According to the National Association of Realtors (NAR), nationwide sales for all of 2008
dropped 11.9 percent. Sales in the Northeast decreased by 14.3 percent. NAR reports a
$235,000 regional median sales price—a drop of 7.8 percent.
For results by County please call Reali Realty Info line at 1-800-586-4046.