Maine home sales increase, but prices drop

Posted Aug. 23, 2012, at 4:50 p.m.

SOUTH PORTLAND, Maine — Sales of existing single-family homes in Maine rose 9 percent in July over a year ago, but the median sales price dipped by nearly 4 percent.

The Maine Association of Realtors said Thursday that real estate agents last month sold 1,086 homes in Maine, up from 994 in July 2011.

The median sales price of those homes was $171,000, down from $177,500 a year earlier.

For the three-month period from May through July, the number of homes sold fell in only one of Maine’s 16 counties, Piscataquis County.

The highest-priced houses were in Cumberland County, while the lowest were in Piscataquis County.

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