Home sales in Maine last month grew by more than 8 percent compared with March of 2012.
The Maine Association of Realtors says sales of existing single-family homes increased in March by 8.34 percent, and the median sales price rose by 6.25 percent to $170,000.
The median sales price means that half the homes sold for more and half for less.
Nationally, home sales in March grew by just over 9 percent, compared with the same month last year, and the median sales price jumped more than 12 percent. In the Northeast region, sales grew 6.8 percent, while prices increased 3 percent.
MAR President Bart Stevens says buyers in Maine are out in force and "the market is clearly shifting. The lack of inventory for buyers is not severe yet, but it is approaching that stage," he says in a statement. "Properties going under contract are selling for much closer to asking price than we have seen in quite some time."
The association says 792 single-family existing homes were sold in Maine this March, compared with 731 in March of 2012. The median sales price during that time jumped from $160,000 to $170,000.