Greater Portland Board of Realtors

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.

The data show the market is gaining momentum this summer, with steady sales volume and renewed upward pressure on prices, according to the Greater Portland Board of Realtors.

The board received a $7,500 grant from the National Association of Realtors and raised donations from members and affiliate partners for the project.

Single-family homes in Maine are a strong asset class, outperforming other parts of the country.

Some traditionally high-priced towns like Cape Elizabeth saw flat or declining price trends, while Harrison's median home price shot up from $299,000 to $704,988.