Maine home sales could break last year's sales record

AUGUSTA, Maine (AP) — A Maine realtor group says the state might break its record for single-family home sales.

The Maine Association of Realtors says statistics released on Thursday show an increase of a little more than 3% in sales from August 2018 to August 2019. Last year was the best home sales year in the history of the state, and sales are less than 1% off that pace so far this year.

The highest volume of home sales was in Cumberland County, the most populated county in the state. Several rural counties also posted big increases in home sales.

Prices of homes in the state are also rising. The realtors association says the statewide median sales price increased by more than 4.5% to $230,000 from last August.