News
Norway Savings donates $2, 500 for home buyer education
4+ hour, 11+ min ago (263+ words) A Maine nonprofit focused on homebuyer education has received financial support to continue its work helping residents navigate the often-complicated process of home buying. Ho MEworks, which has provided homebuyer education for more than 25 years, received a $2, 500 contribution from Norway…...
How certain housing qualifies as 'affordable"
2+ mon, 3+ week ago (223+ words) The lexicon used today to describe housing pricing can be confusing. Here are some clarifications: Affordable housing is not a vague adjective. It refers to homes, either for rent or for purchase, priced for households whose income does not exceed…...
Broker report: As year winds down, Portland's residential inventory is up
3+ mon, 2+ week ago (202+ words) After several years of record-setting activity, Portland's housing market is transitioning into rising inventory, longer days on the market and softening prices, said Tom Landry of Benchmark Real Estate Maine Listings data for November show the trend across single-family homes,…...
Number of homes sold in Maine rose in September, but prices fell
5+ mon, 2+ week ago (317+ words) In the quarter that ended Aug. 31, Cumberland, York and Lincoln counties recorded median sales prices in excess of half a million dollars. But for the latest quarter ending Sept. 30, only Cumberland and York counties remained above that threshold. Cumberland dipped…...
Number of homes for sale in Maine increases for fifth consecutive month
7+ mon, 3+ week ago (255+ words) In July, Maine saw its highest volume of single-family homes for sale since October 2020. But the median price dipped a bit, from an all-time'high of $425, 000 in May and June down to $419, 950 in July. Still, the $419, 950 sales price was up'5. 25% from…...
Maine home price maintains all-time high of $425, 000 in June, but still below Northeast overall
8+ mon, 3+ week ago (384+ words) Maine's median sales price for single-family homes remained consistent in June, at $425, 000 " an all-time highwater mark first set in May." June's median home price was an increase of 4. 94% from a year earlier, the Maine Association of Realtors reported." Cumberland and…...