SOUTH PORTLAND (August 21, 2014)—Maine’s summer real estate sales season continues its positive track. Maine Listings reports 1,455 single-family existing home sales in July —a rise of 2.03 percent compared to July 2013. The median sales price (MSP) in July increased 1.40 percent to $181,500 compared to July 2013. The MSP indicates that half of the homes were sold for more and half sold for less.
The National Association of Realtors released national statistics illustrating a sales dip of 4.2 percent, while the national MSP rose 5.1 percent to $223,900 in July. Regionally, sales were down 9.9 percent in the Northeastern United States, and the MSP increased 2.4 percent to $273,600.