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Home Sales Up More Than 6 Percent In Maine In August

Sales of existing single-family homes in Maine increased by more than 6 percent in August compared to the year before.

The Maine Association of Realtors says the median sales price for the homes also increased by more than 4.5 percent, to $206,000.

Association Vice President Kim Gleason says the inventory of houses up for sale is still extremely tight across the entire state.

“We’ve had active phone calls with presidents of local boards and everybody’s reporting basically the same thing, which is low inventory,” she says.

Gleason says active listings in August 2017 were down more than 13 percent to compared the year before. The median number of days properties remained on the market also dropped.

Ed is a Maine native who spent his early childhood in Livermore Falls before moving to Farmington. He graduated from Mount Blue High School in 1970 before going to the University of Maine at Orono where he received his BA in speech in 1974 with a broadcast concentration. It was during that time that he first became involved with public broadcasting. He served as an intern for what was then called MPBN TV and also did volunteer work for MPBN Radio.