Maine home prices rise continue to rise

Published: Jun. 23, 2023 at 5:28 PM EDT
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BANGOR, Maine (WABI) - Home prices continue to rise in Maine, but sales are down.

According to Maine Listings, prices for a single-family home in the state increased about 6.5% in May compared to the same time last year.

The median sales price is now up to $373,000.

In May, realtors in Maine reported a sales decline of about 20% compared to a year ago.

Nationally, home sales were also down 20% last month.