AUGUSTA, Maine — 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.

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.