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Maine Home Sales Post Big Gains in January
02/21/2013 03:30 PM ET  

The Maine Association of Realtors says sales of existing, single-family homes rose more than 21 percent in January, compared with the same month last year.

Sales in Maine this January of existing single-family homes jumped more than 21 percent, compared with the same month a year ago.

That's according to the Maine Association of Realtors, which says the median sales price also rose more than 3 percent, to $162,000. The median price indicates that half the homes sold for more and half for less.

The trade group says realtors in Maine sold 664 homes this January, compared with 547 in January of 2012. President Bart Stevens says the latest figures indicate a change in the market.

"We are now shifting from a strong buyer's market to a more balanced market - this is territory in which many buyers and sellers have not been for a number of years," Stevens says. "The Maine housing statistics continue to show incredible improvement each month."

Home sales nationally in January grew by 8.5 percent, compared with January of 2012, and the median sales price rose 12.6 percent to $174,100. Sales in the Northeast region grew 12.1 percent, while the regional median sales price rose 2.4 percent, to $230,500.


 

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