The spring real estate sales season in Maine has arrived with double-digit sales increases.
Maine Listings reported a 13.71 percent rise in sales of single-family existing homes during the month of April 2013.
The median sales price (MSP) for the 937 homes sold statewide last month reached $174,900, an increase of 4.14 percent. The MSP indicates that half of the homes were sold for more and half sold for less.
According to the National Association of Realtors, nationwide sales increased 9.0 percent in the past 12 months, while the national MSP jumped 11.0 percent to $193,300.
Regionally, single-family existing home sales in the Northeast rose 4.9 percent and the regional MSP of $245,100 reflects a 5.1 percent increase.