MAINE HOME SALES UP OVER 2 PERCENT IN JANUARY
Seventh consecutive month of sales increases in Maine
SOUTH PORTLAND (February 22, 2012) — Single-family existing home sales continue to climb in the state of Maine.
The Maine Real Estate Information System, Inc. (MREIS) reports 547 homes sold during January 2012, a 2.05 percent increase compared with January 2011.
This is the seventh consecutive month of home sales increases in Maine. The median sales price (MSP) for those homes decreased 1.88 percent to $157,000.
The MSP indicates that half of the homes were sold for more and half sold for less.
According to the National Association of Realtors (NAR), home sales nationwide rose 2.3 percent comparing January 2012 to January 2011.
The national MSP decreased 2.6 percent to $154,400. Existing home sales in the regional Northeast increased 7.1 percent while the regional MSP declined 4.2 percent to $225,700.
John Hatcher of Keller Williams Realty in Portland relays,
“Consumer confidence has been steadily increasing over the last year. Interest rates are at record lows with rates as low as 2.5 percent. It’s hard to believe it can get any lower. The combination of home prices and interest rates makes now a singular opportunity to buy a home.”