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‘Historically low’ inventory drives 6.5% gain in home sales prices

Sales of single-family homes in Maine rose by 8.05% this October compared to October 2016, according to the latest monthly gauge released by Maine Listings on Tuesday.
Prices also jumped 6.49% over last year to a median sales price of $205,000.
“We’ve been hearing for many months that a shortage of for-sale inventory had hindered the potential for 2017 real estate markets,” said Greg Gosselin, b ...

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