RE/MAX New England sees Maine home sales, prices up in November

RE/MAX of New England released its monthly regional housing report Wednesday, with Maine showing the only gains in both price and volume sales in November in the area.

According to the report, 996 homes were sold in November, up from 905 the year before. The median sales price was $165,000, up from $162,000 in November 2010.

According to the report, the median sales price continued to dip year-over-year for every other New England state. Massachusetts and Rhode Island also experienced slight increases in the volume of home sold.

“The winter season is upon us, however, warmer than usual temperatures have played a part in boosting year-end sales,” said Jay Hummer, executive vice president, RE/MAX of New England. “As home prices continue to remain very affordable and interest rates stay near historic lows, I believe this winter is capable of creating a flurry of activity.”

In October, RE/MAX New England pegged volume sales in Maine of 1,043 homes, up from 985 in October 2010. The median price was also up slightly, hitting $169,000, up from $168,500 in 2010.

Those numbers differed from ones put out by the Maine Association of Realtors. That group saw overall home sales of 945 in October, with a median sales price of $165,000. The Maine group’s numbers are expected out any day.