Home prices climb more than 10 percent in Maine
AUGUSTA, Maine (AP) — The Maine Association of Realtors says the median sales price for existing, single-family homes in the state jumped more than 10 percent from September 2016 to September of this year.
The association says the median sales price climbed to a little more than $207,000 in that time. The highest price in the state was in Cumberland County, where the $295,000 price was an increase of more than 7 percent from the previous year.
The association also says sales were also up more than 2 percent over the same span. Maine Association of Realtors president Greg Gosselin says inventory levels are “well below” last year, but are improving.