MAINE HOME SALES DECREASE 30% IN JULY ~ Why?

Posted on | August 24, 2010 | No Comments

Here is the reason just released in the press today. MREIS reports Maine home sales decreased 30.07% in July 2010 compared with July 2009. The decrease was anticipated, reflective of the end of the federal tax credit which had created an accelerated demand to go under contract by a specific date. National home sales figures show a 25.6% decrease in that same time period, and the Northeast a 30.03% decrease. However, Maine median home sales prices are still increasing. The median sales price rose 4.23% to $172,500 in July 2010, compared with July 2009. Median indicates half sold for more and half for less. Click on the following for a two page report. Please do no hesitate to call to discuss present market conditions.

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