MAINE REAL ESTATE SALES JUMP 21.39 PERCENT

FOR IMMEDIATE RELEASE
CONTACTS: LISTED BELOW


SOUTH PORTLAND (February 21, 2013) — Realtors across the state of Maine sold 21.39
percent more homes in January 2013 than the same month one year ago.  According to
statistics released by Maine Listings, a total of 664 homes changed hands last month.  The
median sales price (MSP) for those homes reached $162,000—a rise of 3.18 percent.  The
MSP indicates that half of the homes were sold for more and half sold for less.
The National Association of Realtors today reported a nationwide sales increase of 8.5
percent in January.  The national MSP jumped 12.6 percent to $174,100.  Sales in the regional
Northeast were up 12.1 percent and the regional MSP rose 2.4 percent to $230,500.
Bart Stevens, 2013 President of the Maine Association of Realtors, says, “We are now shifting
from a strong buyer’s market to a more balanced market; this is territory in which many
buyers and sellers have not been for a number of years. The Maine housing statistics
continue to show incredible improvement each month.  Now, more than ever, buyers and
sellers need to make sure they consult with a Realtor knowledgeable in their market areas.”
Stevens, owner/broker with Century 21 Nason Realty in Winslow, adds, “Inventory in certain
price points is beginning to show signs of shrinking.  Sellers may incorrectly believe that
declining inventory equals higher prices, and perhaps they should sell later, at a much higher
price.  However, waiting to list a home brings the future potential risk of higher interest
rates.”


Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of 
REALTORS, is a statewide Multiple Listing Service with over 4,100 licensees inputting active and sold property listing data. Statistics reflect 
properties reported as sold in the system within the time periods indicated. Contacts: Maine Association of REALTORS President Bart 
Stevens (Century 21 Nason Realty, Winslow) 873-2119 - Barton@C21Nason.com; President-Elect Angelia Levesque (RE/MAX Advantage 
Realty Group) – 942-8100 - angelia.levesque@yahoo.com - For more names: suzanne@mainerealtors.com