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Maine Home Sales Show Strong Gains
04/22/2010 04:13 PM ET  

Sales of single-family existing homes in Maine were far more robust this March than they were in March of last year.

Home sales in Maine jumped an unexpectedly robust 46 percent in March, compared with the same month last year. The Maine Association of Realtors says 815 single-family existing homes were sold in Maine last month compared with 558 in March of 2009.

In addition, the association says, the median sales price for homes in Maine rose to $164,900, up nearly 10 percent from March 2009's median sales price of $150,000. The median price indicates that half the homes sold for more and half sold for less.

Alan Peoples of Coldwell Banker Residential Brokerage in Portland says April is likely to yield more positive sales news. "These numbers reflect momentum from the first time and repeat buyer tax credit programs, which end at the end of April," he says in a statement.

This year through the end of March, home sales increased in nearly every county in Maine, the lone exception being Washington County, where there was little activity in the home sales market during the quarter.



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