MAINE HOME SALES UP 62.95 PERCENT IN APRIL
Statewide Median Sale Price Increases 3.41%
SOUTH PORTLAND (May 24, 2010) - Sales of Maine single-family existing homes rose 62.95 percent
in April 2010 compared with April 2009. According to the Maine Real Estate Information System,
Inc. (MREIS), Realtors sold 994 homes in April 2010; and the statewide median sales price (MSP) for
homes sold increased 3.41 percent to $165,450 from April 2009. The median sales price indicates
that half of the homes were sold for more and half sold for less.
The end of the federal home buyer tax credit contributed to strong sales figures in April 2010.
The National Association of Realtors (NAR) reports a 20.5 percent nationwide increase in single-
family home sales in the same time period. The national MSP rose 4.5 percent to $173,400 in April.
In the regional Northeast, sales were up 41.6 percent and the MSP of $243,000 reflects an increase of
2.1 percent.
“Prices in Central Maine stabilized and we are seeing a slow but steady increase in home prices,” says
Sharon Millett of Coldwell Banker Millett Realty in Auburn. “The housing statistics for April confirm
that the market has corrected itself and is on its way back to more normal, stabilized trends. Buyers
are encouraged by the affordability of home prices, coupled with incredibly low mortgage interest
rates.”
Following are two charts showing statistics for Maine and its 16 counties. The first chart lists
statistics for the month of April only, statewide. The second chart compares the number of existing,
single-family homes sold (units) and volume (MSP) during February, March and April of 2009 and
2010.
APRIL ONLY CHART
April 1-30, 2009 – April 1-30, 2010
County # Units Sold # Units Sold % MSP MSP %
2009 2010 Change 2009 2010 Change
STATEWIDE 610 994 62.95% $160,000 $165,450 3.41%
ROLLING QUARTER CHART
From February 1, 2009 – April 30, 2009 and February 1, 2010 – April 30, 2010
County # Units Sold 2009 # Units Sold 2010 % CHANGE MSP 2009 MSP 2010 % CHANGE
STATEWIDE 1601 2303 43.85% $156,000 $ 164,000 5.13%
Androscoggin 118 184 55.93% $128,750 $134,711 4.63%
Aroostook 42 62 47.62% $102,750 $90,100 -12.31%
Cumberland 395 586 48.35% $214,900 $219,449 2.12%
Franklin 24 50 108.33% $67,000 $111,950 67.09%
Hancock 52 78 50.00% $145,750 $168,443 15.57%
Kennebec 143 209 46.15% $120,000 $125,000 4.17%
Knox 43 77 79.07% $202,000 $158,000 -21.78%
Lincoln 39 56 43.59% $175,000 $165,000 -5.71%
Oxford 73 104 42.47% $132,000 $124,500 -5.68%
Penobscot 197 253 28.43% $117,000 $128,000 9.40%
Sagadahoc 57 69 21.05% $165,000 $160,000 -3.03%
Somerset 52 65 25.00% $70,300 $81,000 15.22%
Waldo 51 63 23.53% $145,000 $145,000 0.00%
Washington 8 12 50.00% $41,600 $76,000 82.69%
York 280 392 40.00% $179,450 $201,000 12.01%
Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS,
is a statewide Multiple Listing Service with over 4,600 licensees inputting active and sold property listing data. Statistics
reflect properties reported as sold in the System within the time periods indicated.
Contacts: Sheryl Gregory (Homestead Realty, Winthrop)—377.2223—gregory@fairpoint.net; Maine Association of
REALTORS President Marc Chadbourne (Century 21 Nason Realty, Winslow) - 873-2119 - Marc@C21Nason.com. For
more names: Cindy@MaineRealtors.com.
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