The median home price in Maine is about $15,000 below record highs set in May and June, but still remains above the median cost at this point last year.
Home Prices
Posted inBusiness, Local & State, News
Is Maine approaching, or already in, a recession?
The chief economist at Moody’s Analytics included the state among nearly 2 dozen considered ‘in or at high risk’ of a recession, but the Maine state economist is pushing back and says employment is steady.
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Posted inBusiness, Local & State, News
Maine’s real estate market bucked trend of Northeast decline
More and more homes are hitting the market in Maine, but inventory still remains well below what experts consider a balanced level.
Posted inBusiness, Local & State, News
Maine home prices set a new record in May
Maine homebuyers paid a median of $425,000 in May, just two months after the state recorded the first price decrease in 6 years.
Posted inKennebec Journal, Local & State, Maine Crime, News
Augusta needs to do more to help homeless residents, task force says
The group urges city officials to help create a year-round homeless shelter and hire a worker to coordinate housing services.
Posted inBusiness, Local & State
Maine home prices hit a new high in 2024. Don’t expect them to come down.
The median price for a Maine home reached a record $390,200 in 2024, but the year also saw sales increasing after years of declines.
Posted inBusiness, News
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.
Posted inBusiness, News
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.
Posted inBusiness, Nation & World, News
Average long-term U.S. mortgage rate up to 7.19%
It is another setback for would-be homebuyers navigating an increasingly less affordable housing market.
Posted inBusiness
Real estate market seeing some changes, but inventory remains key to easing
June figures from the Maine Association of Realtors show more homes are on the market, while home prices remain high.