PORTLAND, Maine — The median price for homes sold in Maine continued to rise in July, surpassing June’s median price for the first time in three years.
Marie Flaherty, 2015 President of the Maine Association of Realtors, said in a prepared statement that the figures reflect a stable market.
The July statistics released by the Realtors group show prices rose 4 percent as 20.2 percent more homes changed hands compared with one year ago.
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The group tallied 1,749 single-family homes changed hands in July, compared with 1,455 one year earlier. The median price paid of that group of homes rose to $188,900 from $181,500.
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The median price for July also hit the highest level since January 2009, beating out the typically higher-priced month of June. The median price in July was the highest of the year in 2011 but was lower than June in every other year from 2009 to 2014.
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For the past three months, the figures show home sales growth has been strongest in Penobscot County (27 percent), Knox County (25 percent), Kennebec County (25 percent), Piscataquis County (24 percent), Waldo County (23 percent) and Cumberland County (21 percent).
The median price for homes sold rose the most in Waldo County, to $157,750 from $129,000 over the same three months of 2014.
The median price for homes sold in Penobscot County ticked up 1.5 percent, to $135,000 from $133,000, for the months of May-July.