Home sales continue to rise at impressive rates across the state of Maine.

Maine Listings announced August 20 that Realtors sold 1,749 single-family existing homes during the month of July 2015, a 20.21 percent jump from July 2014.

The statewide median sales price for homes sold during the month of July 2015 was $188,900 — an increase of 4.08 percent compared to July 2014.

The MSP indicates that half of the homes were sold for more and half sold for less.

Nationally, sales of single-family existing homes are up 11 percent from last July. According to the National Association of Realtors, the national MSP rose 5.8 percent to $235,500. The regional Northeast experienced a rise in sales of 9.4 percent and a 1.3 increase in the regional MSP to $277,200. 

“Although the market is stable, buyers are more informed than ever,” Maine Association of Realtors President Marie Flaherty said. “In order to sell a home in a reasonable time frame, it is important to price it appropriately. Your local Realtor is your best source for the relevant data and pricing advice.”

In Lincoln County, the July 2015 sales of single-family homes were down 5.8 percent from July 2014 (130 to 138) and the MSP for July 2015 as compared to July 2014 was down 5.39 percent, $171,250 to $181,000.

Waldo County had the best numbers in the state for July 2015 as compared to July 2014, with a 22.69 percent increase in number of sales and a 22.29 percent in MSP.