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2013 Sees Jump in Home Sales in Maine
01/23/2014 01:44 PM ET  

The median sales price also rose in Maine in 2013, compared with 2012, according to the Maine Association of Realtors survey.

Home sales in Maine grew nearly 14 percent in 2013. That's according to the Maine Association of Realtors. The industry group says more than 13,000 existing single family homes were sold during the 12-month period, a jump of 13.60 percent over 2012.

The median price for those homes also rose, by nearly 3 percent, to $175,000. The median sales prices indicates that half the homes sold for more and half for less.

"Last year started out very strong with buyers hoping to take advantage of historically low interest rates," says MAR President Angelia Levesque, in a statement. "With low inventory levels, homes that were priced right sold very quickly."

For the month of December alone, homes sales in Maine were nearly 12 percent higher than in December of 2012, though the median sales price rose only a fraction of a percent.

For the nation as a whole, home sales slacked off slightly in December - by 0.7 percent - the trade group says, though the median sales price rose by almost 10 percent.  In the Northeast region, sales were 3.2 percent higher than a year ago, while the median sales price rose 3.6 percent, to $239,300.



 

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