Sales of existing single-family homes in Maine increased by 13.16 percent in March, marking the ninth consecutive month of growth, according to the Maine Real Estate Information System Inc.
Statewide, 731 existing single-family homes sold in March, compared with 646 homes in March 2011. The median sales price increased 0.19 percent to $160,000, the first increase since July 2011.
“Considering the consistent increase in transaction volume over the past nine months, it seems the ‘wait and see’ attitude is waning. Many buyers recognize the real estate climate change and are now taking advantage of current market opportunities,” said Tina Lucas of Lucas Real Estate and president of the Maine Association of Realtors.
Nationally, existing single-family homes rose 5.9 percent in March, with a median sales price of $163,000, up 1.9 percent, according to the National Association of Realtors. Regionally, sales in the Northeast were up 5.5 percent, but prices dropped 1.9 percent to $228,300.
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