MAINE HOME SALES UP 21.72 PERCENT IN FEBRUARY

According to Maine Listings, February results show 2016 off to a great start in home sales for the year.

—Sales of single-family existing homes in Maine continued their upward climb during the month of February. Maine Listings reported a 21.72 percent jump in sales over the past 12 months. The median sales price (MSP) of $160,000 reflects a slight price decline of 4.42 percent. The MSP indicates that half ofthe homes were sold for more and half sold for less. Nationally, sales of single -family existing home sales increased 2.0 percent, and the national MSP rose 4.3 percent to $212,300 in February. According to the National Association of Realtors, the regional Northeast experienced a 5.0 percent sales jump in the past year, while the regional MSP eased 0.8 percent to $239,700.
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