Maine home sales dip 5 percent; winter weather could be to blame

Posted March 21, 2013, at 9:38 p.m.

Maine home sales dipped nearly 5 percent in February from the same month last year, but the statewide median sales price increased roughly 1 percent to $151,500.

Bart Stevens, owner of Century 21 Nason Realty in Winslow and president of the Maine Association of Realtors, said severe winter weather was to blame for the dip realtors experienced in February.

“After an extended period of relatively mild weather, winter came roaring back to Maine in February,” Stevens said in a statement. “The snowed-in environment just wasn’t conducive to home sales in most areas of the state.”

Realtors sold 593 homes in Maine in February, a 4.97 percent dip from the 624 sold during February 2012.

Nationally, February sales of existing, single-family homes increased 8.7 percent from the same period 12 months ago. The national median sales price jumped 11.3 percent to $173,800, according to the National Association of Realtors.

SEE COMMENTS →

ADVERTISEMENT | Grow your business
ADVERTISEMENT | Grow your business

Similar Articles

More in Business