The state recorded its highest ever median sale price in 2025, but experts say there are signs pointing to a calmer 2026.
Home Prices
Posted inLocal & State, News
Report: Affordability biggest hurdle in every corner of Maine’s housing market
High construction costs, a disparity between wage growth and home prices, and a competitive market are all impeding the state’s efforts to soften the housing crisis.
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Posted inLocal & State, News
Maine’s roller coaster home prices drop one month after record high
The median home sold for $399,000 in November, the state’s first sub-$400,000 median since March.
Posted inBusiness, Local & State, News
Maine home sales rise for 6th consecutive month, despite national decline
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.
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.
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.