Sales of existing single family homes in Maine were down 9.5 percent in August, compared to a year ago, but median prices rose just over four percent, according to the latest figures from the Maine Real Estate Information System.
The statewide median price rose from $162,800 to $169,750 in August.
The trend of slow sales coupled with slightly rising prices is in line with industry expectations, following a big drop in sales volume during July.
For June through August, sales of homes in Cumberland County were down nearly five percent, while median prices rose nearly 6 percent, to $242,000.
Nationally, sales were off 19 percent compared to a year ago, but median prices rose just over one percent, to $179,300, according to the National Association of Realtors.
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