Home sales and prices continue to rise in Maine, according to information released today by the Maine Real Estate Information Systems.
Trends over the past few months suggest the market has begun to stabilize, the trade group said.
Sales of Maine single-family existing homes rose nearly 63 percent in April, compared with April 2009. Realtors sold 994 homes last month.
The statewide median sales price increased 3.41 percent to $165,450 from April 2009.
The end of the federal homebuyer tax credit contributed to strong sales figures last month, the trade group said.
On a national level, the National Association of Realtors is reporting a 20.5 percent increase in single-family home sales in the same time period. The national median sales price rose 4.5 percent to $173,400 in April.
In the Northeast, sales were up 41.6 percent and the median price of $243,000 reflects an increase of 2.1 percent.
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