PORTLAND, Maine — The median price of single-family homes in Maine continued to climb in April, up 5.3 percent from one year ago, to $178,000, according to monthly statistics from the Maine Association of Realtors.
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The rise came as the total volume of home sales continued to increase in April but at the slowest monthly pace so far this year. A total 1,032 homes changed hands last month, compared with 1,015 one year earlier.
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The home sales trend in Maine comes as existing homes sales rose a more robust 6.5 percent nationwide, with the median sales price rising 10 percent, to $221,200, compared with one year ago.
Across the Northeast, home sales rose 1.6 percent while the median sales price rose about 3.6 percent, to $253,200.
Marie Flaherty, president of the Maine Association of Realtors, signaled in a news release that the market is becoming favorable to sellers, who often are receiving multiple offers from potential buyers.