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.
real estate
Posted inBusiness, Local & State
Real estate broker’s dream or nightmare: no inventory here either
Thousands of acres of land, but few houses or condos available for sale.
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Posted inBusiness, Nation & World, Real Estate
U.S. home sales fall for 6th straight month – a positive sign for buyers
Homes are still selling quickly on average, but many sellers have had to become more flexible on their asking price.
Posted inBusiness, Nation & World
FBI warns of spike in rental and real estate scams
The FBI Boston office issued a warning Tuesday about a jump in scams connected to the rental and real estate markets.
Posted inPremier Property, Real Estate, Sponsored
Million dollar listings: Victorian mansions across Maine
Big, bold and beautiful, these listings deliver history with modern updates.
Posted inBusiness, Local & State
Maine homebuyers are skipping the inspection. Experts say it’s a risky move.
The practice has become increasingly common as prospective purchasers, frustrated by the state’s red hot real estate market, are doing whatever they can to put in the winning bid.
Posted inBusiness, Local & State
Nearly half of all Maine tenants cannot afford rent, new study says
A Harvard University report indicates that Maine’s renters are struggling – something that those in the affordable housing arena know all too well.
Posted inBusiness, Local & State
Maine home sales activity is slowing down, but it’s not a buyer’s market yet
May was largely a continuation of existing trends, with home sales down 12% and prices up 15% from a year ago.
Posted inPremier Property, Real Estate, Sponsored
Beachfront, Chebeague Island home stuns with simplicity
$989,000 | 44 Jenks Rd., Portland
Posted inBusiness, Local & State
April home sales fell 21% in Maine, but prices went through the roof
The limited selection of homes on the market last month sold for 25% more than in April 2021.