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.
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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.
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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.
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Maine home sales fell, prices rose in April as market heats up for summer
The median home sale price was back up to $400,000 last month after a slight decrease in March.
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Maine home prices finally fell last month, but don’t celebrate yet
The last year-over-year sales decrease was in March 2019, when the median sale price was $200,000.
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Maine home sales, prices, inventory all up in February
Real estate experts say increased inventory points toward a positive spring market.
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Maine home prices rose in January, and so did sales
The year kicked off with the same trends from 2024.
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Why the dream of a starter home in Maine is slipping out of reach
Young people can’t find or afford houses in their communities. Families can’t move out of places they’ve outgrown. The cycle is stuck. Can it be fixed?
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
Maine home prices cooled in November as inventory rose
The median sales price was $385,000, down from the previous month but up 8.5% from November of last year.