Maine home sales up, prices down

SOUTH PORTLAND, Maine (AP) -- Maine real estate agents say sales of single-family homes in the state are up for the fifth consecutive month.

The Maine Real Estate Information System says realtors sold 1,257 existing homes in October -- a 39 percent increase since October of last year.

Over the same period, the median sales price dropped 3.51 percent in the last 12 months to $165,000.

The activity in Maine is similar to the national trend, although the price drop nationally has been more severe.

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