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Maine Home Sales up 6.51%

Maine Home Sales up 6.51%

by Phil Hall | Mar 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 753 home sales were closed in Maine last month, a 6.51% increase from the 707 sales transacted in February 2024. According to data from the Main Association of Realtors, the statewide median sales price for those sales was $381,500, a 9% jump from the...
Maine Home Sales up 6.51%

Maine Home Sales Up 6.81% in November

by Phil Hall | Dec 24, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Maine housing market recorded a 6.81% year-over-year increase in sales of single-family existing homes, rising 1,301 transactions in November compared to 1,218 one year before. According to data from the Maine Association of Realtors, the statewide median sales...
Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors

Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors

by Phil Hall | Nov 29, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A Maine legislator is proposing a constitutional amendment that would put a 2% annual cap on property tax assessment increases for residents who are 65 years and older. The Bangor Daily News reported State Sen. Joe Baldacci’s proposal would only apply to primary...
Maine Home Sales up 6.51%

Maine Home Sales and Prices Continue to Rise

by Phil Hall | Oct 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1,486 homes were sold in Maine during September, up 5.39% from the 1,410 transactions recorded one year earlier. According to data from the Maine Association of Realtors, the state’s median sales price last month was $409,450, up 8.68% from the $376,750...
KBS Builders Inks 2 Maine Contracts for $4.6 Million

KBS Builders Inks 2 Maine Contracts for $4.6 Million

by Phil Hall | Oct 2, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

KBS Builders Inc. has signed two contracts totaling $4.6 million to manufacture 40 modules for the construction of cottages and affordable housing units in Maine. One contract is a $3 million project to manufacture 32 modules for the construction of 15 one- and...
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