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Home sales, prices continue to trend up in Maine

Home sales, prices continue to trend up in Maine

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(AP) Home sales and home prices in Maine are continuing to trend upward.

The Maine Association of Realtors said sales and prices were both up by a staggering 28% in May compared to May 2020.

The association said high buyer demand is driving the increase in home values.

The state’s median sales price was $305,000 in May.

That increase was similar to the national increase.

The national median sales price increased about 24% to $356,600.

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