USA Today Highlights Maine Real Estate
A special published by USA Today reports Maine is the top location for vacation homes on the East Coast. No secret there, of course. Reporter Larry Olmstead hits the high marks of points Portland and heads south, toward Kittery. Olmstead reports price comparisons for oceanfront property in Maine versus other New England hotspots, like Nantucket. The article in the widely distributed daily newspaper is likely to be music to Maine realtors’ ears; Maine’s real estate sales slumped 14 percent in March 2009 compared to March 2008. Maine Real Estate Information Services (MREIS) reported last week sales of single-family existing homes decreased and the statewide median sales price lowered to $150,000, a 19 percent reduction in median sale price.