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Maine Homes Sales Take a Dip

October 26, 2007 - There were 1,028 homes sold in Maine in September, a 16% decrease from the 1,225 homes sold during the same month last year, according to the Maine Association of Realtors.

The median sales price for those homes dipped just over one percent, from $192,000 in September 2006 to $190,000 in September of this year.

“The market has changed, as markets do,” Joan Chrane, broker with RE/MAX Riverside in Topsham, said in a press release. "We are currently in a price-driven market, but things are still selling, especially properties well staged and priced for their price range.”

Across the country, the National Association of Realtors reported sales of single-family homes fell 19.8% from September 2006. The national median sales price decreased 4.9% to $210,200.

Source : Mainebiz: The Daily 10/25/07


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