Sales of existing, detached single-family homes in Maine were down 0.8 percent in October compared with a year earlier, while the median sale price increased by 7.1 percent, the Maine Association of Realtors said Monday.

A separate report issued Wednesday by RE/MAX Integra of New England, which included both detached homes and condominiums, showed similar results, with combined sales down 1.1 percent and prices up 6.5 percent in Maine from October 2014.

The report from Maine Listings, a subsidiary of the Realtors association, said 1,561 homes sold in October for a median price of $187,500, compared with $175,000 a year earlier. The median price indicates that half of the homes sold for more and half sold for less.

Association President Marie Flaherty said in a news release that although Maine typically sees a slight downward adjustment in sales as the weather gets cooler, the October statistics are more indicative of an inventory problem.

“The minor dip in units sold during a 30-day period doesn’t indicate a trend,” Flaherty said.

Maine real estate agents have been dealing with changes to the federal requirements for disclosing mortgage information to buyers, which have slowed down the closing process since being implemented Oct. 3, although the changes did not broadly impact October sales.

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Flaherty said today’s buyers are well-informed and have high expectations, so they will often overlook a home that’s presented poorly or priced above the market.

“Sellers must understand the importance of this to appropriately capture a buyer’s attention,” she said.

Regionally, the Maine county with the biggest increase in home sales during the three-month period ending Oct. 31 was Washington County, where sales jumped 33.8 percent from a year earlier, Maine Listings said. The biggest sales decrease was 14.5 percent, in Hancock County.

The biggest median price increase for the three-month period was in Somerset County, where the median increased 24.6 percent from a year earlier to $111,500. The biggest price decrease was 10.8 percent in Piscataquis County.

Nationally, sales of single-family existing homes rose 4.6 percent, the National Association of Realtors said Monday. It reported a national median sale price of $221,200 in October, a jump of 6.3 percent from a year earlier. The Northeast region experienced a sales increase of 8.6 percent, while the regional median price of $248,900 represented a 1.3 percent rise, it said.


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