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The pace of home sales slowed in Maine last month, but home prices continue to rise

Published: Nov. 22, 2021 at 9:08 PM EST
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BANGOR, Maine (WABI) - The pace of home sales slowed in Maine last month.

But home prices continue to rise.

The Maine Association of Realtors says sales decreased by almost

11% last month compared to October of last year, but prices went up 10%.

The median sales price for existing single-family homes reached $308,000 in October compared to $280,000 a year ago.

The association blames the drop in sales on lower than normal inventory combined with high demand.

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