SOUTH PORTLAND (October 27,2008) - Maine's median sales price for a single family existing home was $177,750 in September 2008, down 6.45 percent from one year ago. The median sales price indicates that half of the homes were sold for more and half sold for less.
According to the Maine Real Estate Information System, Inc., statewide (home) sales dipped 9.73 percent. Realtors reported that 928 homes changed hands during  the month, compared to September 2007's statistic of 1,028 homes.
Across the United States, single-family existing homes sales were up 3.8 percent in September. The National Association of Realtors reported a national median sales price of $190,600 represents an 8.6 percent decline over the past 12 months.
What is your neighborhood absorption rate?  Call me or email me for your local neighborhood absorption rate. What is a real estate absorption rate? ANSWER: The number shows the rate at which the inventory of homes for sale are being sold.