The median sales price for a single-family home in Maine increased slightly in 2007 according to the Maine Real Estate Information System, inc. while reported sales decreased by just over 10 percent from 2006.
Statewide in Maine, the median sales price reached $194,000, up .77% overall for the year while in Decemeber only, prices statewide fell by 4.62% and sales were down 23.27%.
Nationally, single family home sales declined 21.6% and sales prices dipped 6.5% in the month of December. Naionally for all of 2007 sales fell 13% and prices decreased by 1.8%.
In Cumberland County, the number of units sold fell 7.29% for the year but prices were up by .40%.
Maine Real Estate Blog 