Maine Real Estate For Sale !

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In Maine, The Housing Real Estate Statistics Are Looking Up, Positive.

Here's the latest real estate housing numbers press release report for Maine..the big state in the upper right hand corner of the country.

maine state mapMAINE HOME SALES RISE FOR THIRD CONSECUTIVE MONTH

SOUTH PORTLAND (September 24, 2009)-Maine's single-family home sales have increased

for a third consecutive month. Statistics released today by the Maine Real Estate Information

System, Inc. (MREIS) show Realtors sold 1,050 homes in August 2009, up 9.95 percent from

August 2008. The median sales price (MSP) decreased 9.56 percent to $162,800 comparing

same month in 2008. This reflects the continued increase in first time buyer home sales. The

median sales price indicates that half of the homes were sold for more and half sold for less.

According to the National Association of Realtors (NAR), single-family home sales are up 2.5

percent nationwide. The national MSP fell 12.1 percent to $177,500 in August. Regional sales in

the Northeast increased 5.8 percent during the past 12 months; the regional MSP of $241,100

reflects a decline of 10.5 percent.

"The $8,000 tax credit helped bring more buyers into the market and we are seeing increased

activity, mostly in the $300,000 and under range," said Joan Chrane of RE/MAX Riverside in

Topsham. "We are still seeing short sales and foreclosures, which we need to work through in

order to return to any normalcy. FHA financing has become popular because of lower down

payment requirements. There are so many opportunities in the market place now."

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists

statistics for the month of August only, statewide. The second chart compares the number of

existing, single-family homes sold (units) and volume (MSP) during the months of June, July

and August of 2008 and 2009.

AUGUST ONLY CHART

August 1-31, 2008 - August 1-31, 2009

County # Units Sold # Units Sold % MSP MSP %

2008 2009 Change 2008 2009 Change

STATEWIDE 955 1050 9.95% $180,000 $162,800 -9.56%

ROLLING QUARTER CHART

From June 1, 2008 - August 31, 2008 and June 1, 2009 - August 31, 2009

County # Units Sold # Units Sold % MSP MSP %

2008 2009 Change 2008 2009 Change

STATEWIDE 2983 3337 11.87% $186,000 $167,000 -10.22%

Androscoggin 225 223 -0.89% $151,000 $135,000 -10.60%

Aroostook 96 112 16.67% $96,000 $89,000 -7.29%

Cumberland 766 846 10.44% $242,250 $228,950 -5.49%

Franklin 64 68 6.25% $134,200 $112,000 -16.54%

Hancock 114 104 -8.77% $211,936 $168,500 -20.49%

Kennebec 288 335 16.32% $139,950 $132,000 -5.68%

Knox 108 100 -7.41% $200,000 $183,750 -8.13%

Lincoln 78 91 16.67% $184,250 $167,000 -9.36%

Oxford 107 137 28.04% $150,000 $140,000 -6.67%

Penobscot 335 392 17.01% $141,000 $135,000 -4.26%

Piscataquis 48 58 20.83% $94,000 $72,000 -23.40%

Sagadahoc 85 95 11.76% $194,500 $175,000 -10.03%

Somerset 100 109 9.00% $123,250 $100,000 -18.86%

Waldo 68 85 25.00% $166,500 $149,900 -9.97%

Washington 17 11 -35.29% $135,000 $35,000 -74.07%

York 484 571 17.98% $225,000 $192,000 -14.67%

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of

REALTORS, is a statewide Multiple Listing Service with over 4,600 licensees inputting active and sold property

listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.

Contacts: Sheryl Gregory (Homestead Realty, Winthrop)-377.2223-gregory@ctel.net; Maine Association of

REALTORS President Rita Yarnold (Bay Realty Associates, Portland)-775.3838-cbayreal1@maine.rr.com. For

more names: Cindy@MaineRealtors.com.

And don't forget the MAR Annual Convention Is Next Week!

MAR Convention Annual Meeting At Rockland Maine

info@mooersrealty.com | 207.532.6573

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Comment balloon 0 commentsAndrew Mooers | 207.532.6573 • September 28 2009 02:59PM

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