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Article: Maine real estate sales rise 17 percent in May
- Article from:
- Bangor Daily News Bangor, ME
- Article date:
- June 27, 2002
CopyrightCopyright 2002 Bangor Daily News Bangor, ME. Provided by ProQuest LLC. (Hide copyright information)
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SOUTH PORTLAND - Home sales in Maine rose nearly 17 percent in May
with prices going up almost 11 percent, according to the Maine Real
Estate Information System Inc.
For the month, home sales increased in all Maine counties except
Androscoggin County, where sales fell 3 percent, it says. The median
sales price during the month was $133,000, up from $120,000 in May
2001.
The strong market is the result of low interest rates, low
unemployment rates in southern Maine and the poor performance in the
stock market, which drives people to put their money in real estate,
said Bernie Whitehouse, a real estate agent in South Portland.