Maine
Maine home sales and values up in August
Home sales in Maine remain healthy, though buyers are still faced with fewer properties for sale. According to Maine Listings, Realtors across the state sold 1.66 percent more single-family existing homes in August 2024 compared to August of 2023. The median sales price (MSP) reached $400,000 in August—a rise of 7.53 percent over a year ago. The MSP indicates that half of the homes were sold for more and half sold for less.
“The number of homes for sale in Maine has nearly doubled since February 2024,” says Paul McKee, President of the Maine Association of REALTORS® and Broker affiliated with Keller Williams Realty in Portland. “Despite the increase of inventory, the supply-and-demand imbalance remains challenging, and supply is still below the levels needed.
“With 4,964 homes for sale last month and sales of 1,535 units, Maine’s for-sale inventory remains at a 3.2-month supply level, well below the six-month supply level that is indicative of a more balanced market for both buyers and sellers,” adds McKee.
The National Association of Realtors has reported a decline of 3.3 percent in single-family existing home sales nationwide comparing August 2024 to August 2023. The national MSP reached $422,100 in August, a rise of 2.9 percent from August of 2023. Regionally, August 2024 sales in the Northeast remained even compared to a year ago, and prices increased 7.7 percent to $503,200.
“We’re starting to see more optimistic signs for buyers with additional homes coming on the market, while mortgage interest rates are inching downward. Strong demand remains for the inventory we have,” says McKee. “As always, engage with your Realtor early during the process, whether selling or buying, to navigate this continuing competitive market while achieving your home ownership or investment goals.”
Posted inSports, Varsity Maine
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A collective of environmental, arts and Indigenous-led organizations is collaborating to produce We Are the Watershed, a two-day event aimed at reconnecting humans with nature and revitalizing the health of waterways, estuaries, and the bay in Peskotomuhkatikuk (traditional Passamaquoddy territory). Events, including theatrical performances, music, culinary experiences and an exhibition of submitted artwork, will be held on May 1 and 2 at Eastport Arts Center (EAC). A publication of written and visual works will also be released with proceeds to support conservation efforts and spreading awareness of their impacts.
Submissions sought:
Written and visual works are currently sought from artists and creatives on both sides of the border across Peskotomuhkatikuk for the publication, which will be sold by donation at the May event. Proceeds from the sale will be dedicated to related community-building efforts, public engagement, and continued restoration efforts. The deadline for digital submission for the publication is April 1.
Physical works can be dropped off at EAC Sunday, April 26 between 11 a.m. and 1 p.m. to be a part of the exhibition, which will run May 1 through 15. Artists under 18 will receive 100% of the proceeds if they opt to put their pieces up for sale during the exhibit, which will run May 1 through May 15. Artists over 18 will receive 70% of the proceeds with the remainder going toward promoting awareness of and supporting conservation efforts for the Passamaquoddy Bay.
The Eastport Arts Center
Every week through Apr 01, 2026.
Friday: 10:00 AM – 10:00 PM
Event Supported By
Eastport Arts Center
(207) 853-4650
info@eastportartscenter.org
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