Greater Portland Board of Realtors

For many prospective buyers, housing affordability is a challenge due to the imbalance of supply and demand of homes for sale.

Eleven members of the Greater Portland Board of Realtors volunteered for a full day of hands-on work for Habitat, which the group supports with both labor and funding.

A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.

Ice and snowstorms likely played a role in January’s softening residential market in Portland and across Cumberland County.

With delays in processing mortgage loans through federal agencies, home sales were down nearly 12% in November.

The county's priciest towns were Falmouth, with a median sale price of $1.4 million, and Cape Elizabeth, at $1.3 million.

“The pump track has already been widely used, and we know this new structure will enable it to be a gathering place for birthday parties, picnics and enhance its role in the community,” said one town official.

The ordinance was intended to stabilize housing costs. But it’s also shifting millions of dollars in property taxes onto other property owners, the report says.

The class, open to all Maine Realtors, responds to back-to-back storms in Maine in late 2023 and early 2024. The estimated damage to public infrastructure in Maine was $90 million.

June was already strong month, but July accelerated those trends. Growth was particularly strong in Portland, Gorham and Yarmouth.