The median home price hit a record in May and June, but prices cooled slightly in July. We’ve got 5 takeaways from this month’s housing report.
Maine Association of Realtors
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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Posted inBusiness, Local & State, 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.
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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.
Posted inBusiness, Local & State, News
Maine home sales, prices, inventory all up in February
Real estate experts say increased inventory points toward a positive spring market.
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, News
Price of typical Maine home climbs above $400,000 for first time
‘It was only a matter of time before (Maine) crossed the threshold,’ said Paul McKee, president of the Maine Association of Realtors.
Posted inBusiness, Local & State, News
Maine home sales finally increased in February, but so did prices
Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.