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Maine Home Sales Up in January
02/21/2014 01:56 PM ET  

The Maine Association of Realtors says Maine home sales in January rose by 8.58 percent, compared with the same month last year.

Sales of single-family existing homes in Maine rose nearly 9 percent in January, compared with January pf 2013. That's according to the Maine Association of Realtors.

The trade group's survey found that home sales this January were 8.58 percent higher than sales for the same month last year. The median sales price also rose, though by a more modest 2.78 percent. The median price indicates that half the homes sold for more and half for less.

The group's president, Angelia Levesque, says an increase in the number of pending sales is a sign that the spring housing market in Maine will be strong.

"Maine buyers need more housing inventory - especially in the first-time homebuyer market," Levesque says, in a statement. "Today's buyers are able to take advantage of low interest rates and secure a bigger home for their money."

The survey found that 721 homes were sold in Maine this January, compared with 664 in January of 2013.

Maine appears to be bucking the national trend: Home sales nationwide in January fell by 6 percent in a month-to-month comparison.  Sales in the Northeast region as a whole also fell, by 3.1 percent.



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