November Home Sales in Maine Dropped Nearly 10 percent
The median sale price of a home fell 1.4 percent to $172,500 in November, compared with a year earlier, according to a report from the Maine Association of Realtors.
After a huge jump in October, Maine home sales fell almost 10 percent in November compared with a year earlier, according to a Maine Association of Realtors report issued Monday.
The reasons for the 9.9 percent drop in sales were unclear, but could have included pre-election jitters and weather events in some markets, said the association’s president, Angelia Levesque.
November’s drop-off was a major change from October, in which home sales were up 26 percent compared with a year earlier. Levesque, a broker with Better Homes and Gardens Real Estate/The Masiello Group in Bangor, said wild swings in home sales activity are not unusual in Maine, although she wasn’t sure why.