Sales of single-family homes in Maine rise again in October; 5th straight month of increases

Maine single-family home sales rise in October

SOUTH PORTLAND, Maine — Maine real estate agents say sales of single-family homes in the state are up for the fifth consecutive month.

The Maine Real Estate Information System says realtors sold 1,257 existing homes in October — a 39 percent increase since October of last year.

Over the same period, the median sales price dropped 3.51 percent in the last 12 months to $165,000.

The activity in Maine is similar to the national trend, although the price drop nationally has been more severe.