The prices of single-family homes remain near record highs but the number of sales declined significantly, according to the latest monthly report from a real estate group.

The median price for single-family homes in Knox County during the past three months (Sept. 1 through Oct. 31) rose 5 percent compared to the same three months in 2021, reaching $392,000.

The number of sales in Knox County during the past three months was 148, down 27 percent from the 202 sales in those three months in 2021. This is the fewest sales during this period for at least the past five years. The most came in 2020 when 264 sales occurred.

Statewide, median prices ranged from a low of $146,000 in Aroostook County to a high of $485,000 in Cumberland County.

“While demand remains steady for Maine’s tight for-sale inventory, increased mortgage interest rates, coupled with the typical holiday slowdown, have impacted the market,” said Madeleine Hill, 2022 president of the Maine Association of Realtors and designated broker at Roxanne York Real Estate in Harpswell in a news release issued Dec. 21. “For-sale inventory remains historically low with 13 percent fewer homes on the market in November 2022 compared to last month — and 58 percent fewer homes for sale than pre-pandemic November 2019.”