Maine home sales climb during May

By From Staff and Wire Reports, Special to the BDN
Posted June 22, 2010, at 8:05 p.m.

SOUTH PORTLAND, Maine — Sales of single-family homes showed no signs of slowing in Maine with a double-digit increase in May 2010, according to the state’s real estate agents.

The Maine Real Estate Information System said Tuesday that sales of existing single-family homes jumped by 24 percent over May 2009. The median sales price increased 6 percent in that time period to about $170,000.

Nationally, sales of existing single family homes increased 17.5 percent, according to the National Association of Realtors. The median sales prices for those homes reached $179,400 in May — 2.7 percent higher than last year. In the Northeast, sales were up 12.7 percent while median sales dipped 2.2 percent to $240,200.

In all, Maine real estate agents sold 1,090 homes in May, up from 877 a year earlier.

Following are home sales statistics for counties in the Bangor Daily News circulation area for the March through May quarter:

• Aroostook: 77 homes were sold during the quarter, an increase of 33 percent from a year earlier. The median sales price was $87,200, an increase of 1.4 percent.

• Hancock: 90 homes were sold, an increase of 29 percent. The median sales price was $168,443, up 15 percent.

• Knox: 97 homes were sold, up 73 percent. The median sales price was $175,000, a decrease of 12 percent.

• Lincoln: 67 homes were sold, an increase of 20 percent. The median sales price was $162,000, down 2 percent.

• Penobscot: 332 homes were sold, an increase of 22 percent. The median sales price was $135,000, up 7 percent.

• Piscataquis: 39 homes were sold, up 3 percent. The median sales price was $65,000, up 13 percent.

• Somerset: 83 homes were sold, an increase of 46 percent. The median sales price was $82,000, up 11 percent.

• Waldo: 72 homes were sold, up 16 percent. The median sales price was $157,000, up 23 percent.

• Washington: 12 homes were sold during the quarter, a decrease of 20 percent. The median sales price was $130,000, up 90 percent.

http://bangordailynews.com/2010/06/22/uncategorized/maine-home-sales-climb-during-may/ printed on September 19, 2014