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.
Maine Association of Realtors
Posted inBusiness, News, Real Estate
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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Posted inBusiness, News, Uncategorized
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.
Posted inBusiness, Maine, News, Uncategorized
Maine’s first-time homebuyers can’t get a foot in the door
The competitive market is boxing out newcomers at a time when Maine needs more young residents than ever to fill job openings.
Posted inBusiness, News
Maine housing market may be easing for buyers, November numbers show
Prices are still rising, but at a slower pace than during the past two years, and mortgage rates fell slightly last month, according to data released Wednesday.
Posted inBusiness, Maine, News
October home sales in Maine show continuing decline and slower price growth
Sales volume was down, while prices were up. But for the second month in a row, the median sales price increase was in the single digits.
Posted inBusiness, Maine, Nation & World, News
Maine home prices rose again in September, but far less than usual
After double-digit leaps during previous months, the increase in home prices slowed. Real estate experts say the market appears to be cooling.
Posted inBusiness, Maine, News
Maine home sales fell again in August, while prices rose, but market may be leveling off
The number of sales fell by double digits, and the median sale price increased by about the same percentage. Mortgage rates are climbing and could be a wild card.