Maine home sales jump 14 percent in April

Maine home sales jump 14 percent in April, prices up 4 percent

Associated Press

SOUTH PORTLAND, Maine (AP) -- The Maine Association of Realtors says sales of existing single-family homes in Maine jumped 14 percent in April compared to a year earlier, and the median sales price increased 4 percent.

The association says real estate agents last month sold 939 homes at a median price of about $175,000. That's up from 824 home sales at a median price of $168,000 in April 2012.

Association President Bart Stevens says Maine's real estate market continues to improve, and that he's seeing more people buying cottages, camps and other recreational properties.

For the three-month period from February through April, Cumberland County had the highest median home sales price, at about $229,000. Washington County had the lowest, at $60,000.

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