SOUTH PORTLAND, Maine — Sales of existing single-family homes in Maine rose 9 percent in July over a year ago, but the median sales price dipped by nearly 4 percent.
The Maine Association of Realtors said Thursday that real estate agents last month sold 1,086 homes in Maine, up from 994 in July 2011.
The median sales price of those homes was $171,000, down from $177,500 a year earlier.
For the three-month period from May through July, the number of homes sold fell in only one of Maine’s 16 counties, Piscataquis County.
The highest-priced houses were in Cumberland County, while the lowest were in Piscataquis County.
Homes are coming on and off the market weekly now and interest rates are starting to go back up slightly. I think we are starting to see the upswing so now is the time to buy before rates go up more.
You will not see an upswing in the economy with the inflated price of oil.
Until we stop printing all this money oil prices will never stabilize. Our US dollar is worth less so the price of oil is up.
Spoken like a rep for the National Association of Realtors. Congratulations!
I would actually in a much more detailed way, actually like see the demographics of who is buying these homes. At these median prices, I doubt if it is working Mainers. I would like to know, and I do think it is information that should have been included in the article, how many of these homes went to out of state relocators?? I hereby do challenge the Maine Association of Realtors to give the true demographics of those sales, such as age of buyers, origin of buyer, whether instate or out of state buyer.
I do not see how that is relevant to anything and I believe your suspicions are unwarranted. Not to mention as well that this is the United States of America and one may purchase a house wherever they please no matter where they are from…and they should be free from having their “demographics” released to be scrutinized by anyone.
If SIR, you may belay the defense of mind, everything you say above is true, and I agree 100 percent. However it may falsely lead one to believe the Maine economy was far better than it is, if, the majority of the houses sold were bought from money not fermenting from our own Maine economy, but from out of state money. Just a looking for a little truer gauge of propress, one can, but, I do find it a bit strange that it might have hit upon a maybe slighty sore nerve, that as one is free to buy anywhere in the US, it might also be that information should be just as free to obtain, for a free purpose of interpretation, for nothing more than the truth, or bottom line to a rather rosey but lacking in details report of the housing market in Maine.
In my area several homes have been on the market for at least a couple years and this is not in Piscataquis County. A couple have been purchased by out of staters. I agree with Pattenponds’
comments.
I wonder how much of this is short sales finally starting to loosen up.