More and more homes are hitting the market in Maine, but inventory still remains well below what experts consider a balanced level.
home sales
Posted inBusiness, Maine, 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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Posted inBusiness, Maine, News
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.
Posted inBusiness, Lewiston-Auburn, Maine, News
Multiunit homebuyers are turning sour on Portland
Real estate experts say high prices, rent control and competition from new inventory have sent the would-be landlords packing. And they’re heading to Lewiston-Auburn.
Posted inBusiness, Maine, News
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.
Posted inLewiston-Auburn, News
Legislation could create starter home program modeled after Lewiston project
Amy Smith, executive director of Healthy Homeworks, said a state program could close the financing gap for renovating aging housing stock for first-time homebuyers.
Posted inBusiness, Maine, News
Maine home sales, prices, inventory all up in February
Real estate experts say increased inventory points toward a positive spring market.
Posted inBusiness, Maine, News
More and more Maine homes are selling for millions of dollars
Maine’s luxury real estate market had a record year in 2024, while the number of properties sold for more than $1 million has quadrupled over the last 5 years.
Posted inBusiness, Maine, News
Maine home prices rose in January, and so did sales
The year kicked off with the same trends from 2024.
Posted inBusiness, Maine, News
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?