PORTLAND, Maine — The median price of homes sold in March rose from one year ago, reversing a year-over-year drop in prices for February.

The Maine Association of Realtors reported the median price rose about 7.4 percent in March, to $182,500.

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At the same time, home sales rose by more than 14 percent, with 1,089 single-family homes changing hands for the month.

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Closing out the first three months of the year, Washington County had the sharpest rise in sales volume from the first quarter of 2015, followed by Sagadahoc and York counties. The median prices in Washington and York counties were up slightly while that price fell in Sagadahoc.

Sales volume and the median price both rose in Cumberland County for the first quarter, up 14 percent and 9 percent, respectively. In Penobscot County, sales volume was up 11 percent while the median price declined about 8 percent, to $118,750.

Nationally, sales rose 2.6 percent in March and the median sales price rose 5.8 percent, to $224,300. In the Northeast, sales volume rose 7.7 percent and the median price also rose 5.8 percent, to $254,100.

About 45 percent of homes listed so far this year have sold, according to listing activity records from the Maine Association of Realtors.

Darren Fishell

Darren is a Portland-based reporter for the Bangor Daily News writing about the Maine economy and business. He's interested in putting economic data in context and finding the stories behind the numbers.