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PublishedNovember 21, 2024
3 Maine counties now have median home price over $500,000
The state’s ongoing inventory shortage, coupled with the high demand for single-family homes, has led to a record-breaking year for home prices in Maine.
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PublishedAugust 22, 2024
Price of typical Maine home hovering around $400,000, but more are hitting the market
The median home sale price in Maine last month was $399,250 – a 5% increase over July 2023, but a slight dip from the record high of $406,000 reported this June.
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PublishedJuly 23, 2024
Price of typical Maine home climbs above $400,000 for first time
'It was only a matter of time before (Maine) crossed the threshold,' said Paul McKee, president of the Maine Association of Realtors.
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PublishedMarch 21, 2024
Maine home sales finally increased in February, but so did prices
Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.
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PublishedJanuary 19, 2024
Maine home sales broke records in 2023. But not the good kind.
The median sales price rose to $360,000 last year – and more than $500,000 in Cumberland County – as high demand and low inventory continue to squeeze the real estate market.
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PublishedOctober 19, 2023
Lack of inventory hurt Maine home sales in September
The overall number of homes for sale last month increased by 2% from August, but there's still a huge demand and a tiny inventory.
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PublishedMay 18, 2023
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
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PublishedApril 26, 2023
Maine home foreclosures plummet while sales drop, prices inch up
New data on foreclosure filings and on recent home sales create a mixed outlook for the state's residential real estate market. But it appears stronger than those in many other states.
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PublishedMarch 30, 2023
Hundreds of Mainers have gone into real estate as the hot market begins to cool. Now what?
The number of real estate agents has been growing by double-digit percentages. But the trend may be reversing, even as younger agents join the field.
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PublishedFebruary 22, 2023
Lack of inventory slowed Maine home sales in January
The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
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