Home sales going up in Maine

October single-family home sales up by 25 percent in Maine

Associated Press

SOUTH PORTLAND, Maine (AP) -- Sales of single-family homes are going up in Maine.

The Maine Association of Realtors says real estate agents last month sold 945 existing homes in Maine, a nearly 25 percent jump from October 2011. The median sales price of those homes came in at $170,500, up from $165,000 a year earlier.

The association says that sales of existing homes nationwide rose about 10 percent for the month.

For the three-month period from August through October, the number of homes sold in Maine increased by 16 percent over the same period last year.

The highest median sales price was in Cumberland County, at $229,900. The lowest median price, $81,000, was in Aroostook County.

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