PORTLAND, Maine (AP) - Maine’s sales of single-family homes slowed down in November, while the values of the homes that were sold crept up.
The Maine Association of Realtors said 123 fewer homes were sold in November 2019 compared to the same month during the previous year. That was a decline of more than 7.5%. The state’s median sales price reached $225,000, which was nearly 3% more than November 2018.
The number of homes sold in 2019 is about the same as the previous year despite the slower November and in spite of the fact there is a limited supply of inventory in the state, said Peter Harrington, realtors association president. There are 13% fewer homes for sale in Maine than last year.
Trends in Maine were different than nationwide, where the National Association of Realtors reported an increase in sales of 3.5%.
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