There was an increase in new home sales in the Lewiston, ME market in July year-over-year, rebounding from a year-over-year decline in June 2011. New home sales moved from one a year earlier to two after the figure moved from six in June 2010 to none in June 2011.

In the 12 months ending July 2011, there were 22 new home sales, up from an annualized 21 in June.

New home sales were two out of the 84 total sales, a move on a percentage basis from one of 58 a year earlier. Sales of new existing homes climbed year-over-year in July following a decline last month year-over-year.

The average per-unit price of new homes was $186,301, compared with $189,349 last year. This was on the heels of a set of periods with no new home sales in both June 2011 or June 2010

There has been no change in the composition of the market with regard to the types of properties sold. From a year ago, single-family homes have accounted for all of new home sales.

Foreclosures and real estate owned (REO) sales did not look to be a burden on the market. Together, foreclosures plus REO sales made up 8.5% of existing home sales. They represented 12.3% of sales in July 2010. The percentage of existing home sales belonging to foreclosures saw a 1.2 percentage point rise to 1.2% of sales in July from no part of sales a year earlier while REO sales as a percentage of existing home sales dipped to 7.3% of sales from 12.3% of sales a year earlier.

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