Maine
Maine home prices finally fell last month, but don’t celebrate yet
After six years of relentless increases, Maine home sale prices finally decreased last month. It’s a welcome change of course after 72 straight months of year-over-year rises and real estate agents say there are signs of a more balanced market ahead. But others caution that one month of good news does not mean the crisis is over.
Maine home buyers paid a median of $376,260 in March, just shy of a 1% dip compared to the same time last year, according to data released Thursday by the Maine Association of Realtors. The median is the price at which half of the homes sold for more and half sold for less.
Home sale prices have been steadily decreasing each month since December’s median of $400,000. But the last year-over-year decrease was in March 2019, when prices fell 0.94% to $200,000.
Meanwhile, 848 houses changed hands last month — a more than 12% increase over the prior month but a roughly 6% drop from March 2024.
January, February and March are typically the state’s quietest months for home buying and selling.
But the busy spring market is ramping up, and according to Jeff Harris, president of the Maine Association of Realtors, it could finally spell good news for buyers.
“We’re seeing the inventory of homes for sale inch upward with nearly 14% more homes on the market in March 2025 compared to March of last year,” he said in a prepared statement.
The increased inventory also means that sales are slowing down, with the average Maine home staying on the market for 22 days, up from 15 days last March. Last year, during the warmer months, homes spent less than a week on the market.
“For many markets, the pace is becoming more reasonable for buyers,” said Harris, who is also a broker with Harris Real Estate in Farmington.
But it’s not a buyer’s market yet. Statewide, there is a 3.6-month supply of unsold inventory, Harris said in an interview. A balanced market is a six-month supply.
“There’s so many buyers out there looking for something more affordable,” he said.
NOT YET A TREND
Paul McKee, the Maine association’s immediate past president, said he’s glad to see prices decrease but cautioned against jumping to conclusions.
“We need things to slow down price-wise. That’s good,” he said. “But there’s always an anomaly somewhere. Until you get a couple of months of this, it’s still one snapshot. … I’m glad to see it but I wouldn’t call it a trend.”
In a month with fewer than 1,000 sales, it doesn’t take much to skew the numbers, he said. For example, there could have been an $8 million sale last year that didn’t happen this year, thus dropping the average.
Michael Sosnowski, co-owner of Maine Home Connection, stressed that while prices have been decreasing, there’s no sign of a market crash.
“It’s more of a stabilization,” he said. “There’s been this phenomenon of price increase fatigue. Where we were was unsustainable.”
While houses may be sitting on the market for longer, on average, competition is still hot, particularly for houses priced below $500,000 in southern Maine.
Sosnowski said a property listed for around $350,000 in Gray recently had about 30 offers.
“Under $500,000, there’s not much different than there was a year ago,” he said. “There’s just not enough properties that are affordable.”
PRICES UP NATIONALLY, REGIONALLY
Maine’s slight price drop bucked national and regional trends.
Nationally, prices increased about 3% to a median sale price of $408,000, according to the National Association of Realtors. Sales, however, fell just over 2%
Regionally, sales were flat in the Northeast, but prices jumped more than 7% to a median of $468,000.
Lawrence Yun, chief economist for the national association, said March’s sluggish sales were a reflection of high mortgage rates and ongoing affordability challenges.
Interest rates have hovered around 7% for the last year or so. Thursday, the average rate for a 30-year loan was 6.81%, according to mortgage buyer Freddie Mac.
“Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society,” Yun said.
SALES, PRICES A MIXED BAG
The Maine Association of Realtors also looks at three months of data in county-by-county comparisons to get a larger sample size of sale transactions.
The median price increased just over 5% to $382,353 between Jan. 1 and March 31 compared to the same three-month span the year before.
Cumberland County held its spot as Maine’s most expensive county with a median sale price of $550,000. York County was the second-most expensive, with a median sale price of $495,000. Cumberland County saw prices increase by about 3% from the year before, but similar to the statewide trend, York recorded its first decrease — 0.80% — since the three-month span between January and March 2019.
Aroostook County remained the state’s most affordable county, with a median sale price of $143,550. Washington County, with a median of $199,900, was the only other county with a sale price below $200,000.
Prices increased the most in Hancock County, which saw a 15.6% increase, while they had the steepest drop — about 14% — in Piscataquis County.
Sales were flat in Washington County, but they increased a whopping 81.6% in Waldo County, with 49 sales between January and March last year and 89 over the same period this year.
Androscoggin’s 21% drop in sales was the sharpest in the state.
Maine
Maine’s catch of lobster declines again as high costs and climate change impact industry – The Boston Globe
PORTLAND, Maine — Maine’s catch of lobsters declined for the fourth straight year, state fishing regulators said Friday, as the industry continued to grapple with soaring business costs, inflation and a changing ocean.
The haul of lobsters, Maine’s best known export and a key piece of the state’s identity and culture, has declined every year since 2021, and some scientists have cited as a reason warming oceans that spur migration to Canadian waters.
The sector brought in 78.8 million pounds (35.7 million kilograms) of lobsters in 2025, down from more than 110 million pounds (49.9 million kilograms) in 2021, regulators said. It was the lowest total since 2008.
Inflation hit the industry hard last year, and there were more than 21,000 fewer fishing trips than in 2024, according to Carl Wilson, commissioner of the Maine Department of Marine Resources. Market uncertainty due to tariffs and a late start to the busy portion of the fishing season also played roles, he said.
“This combination of factors likely contributed to the decline from 2024 to 2025 in the lobster harvest of more than eight million pounds and a decrease in the overall value of more than $75 million,” Wilson said in a statement.
The vast majority of the country’s lobsters are caught in waters off Maine, though they are also trapped elsewhere in New England.
The overall catch, among the most lucrative in the U.S., is frequently worth more than $500 million at the docks each year. Last year it was more than $461 million.
The southern New England lobster fishery has been declared depleted by regulators for years. That decline happened as waters warmed off Rhode Island and southern Massachusetts, and scientists have warned that the trend could be repeating off Maine. The crustaceans are sensitive to changes in temperature, particularly when young but also throughout their lives.
Last year the regulatory Atlantic States Marine Fisheries Commission said lobster populations have shown “rapid decline in abundance in recent years” in key areas and declared the species to be experiencing overfishing. Environmental groups have called for tighter regulation of the fishery.
Some members of the industry have pushed back on that assessment and say fishermen are already restricted by regulations meant to conserve the lobsters and save endangered whales.
Last year’s catch was still relatively high compared with historic numbers, up from typically 50 million to 70 million pounds (about 23 million to 32 million kilograms) in the 2000s and even less in the decade before that.
The industry saw a boom in the 2010s, when hauls were over 100 million pounds (45 million kilograms) per year, topping out at more than 132 million pounds (60 million kilograms) in 2016.
While prices remained high for both consumers and dealers, the high cost of necessities such as fuel and gear made for “not a very profitable season,” said John Drouin, who fishes out of Cutler.
But it was not all bad news, as lobsters were trapped more consistently than the prior year, said Steve Train, who is based out of Long Island.
“Hauling was more consistent, with less peaks and valleys, and the price was higher in the summer months,” Train said. “But I think I landed a little less.”
Lobsters remain readily available in restaurants and seafood markets, though prices have been high. They typically sold for $3 to $5 per pound at the dock in the 2010s and have been more than $6 per pound in some recent years. Last year the price at the dock was $5.85 per pound.
Maine
Rangeley Heritage Trust creates Friends of Western Maine Dark Sky
Looking up at the night sky in northern and rural Maine, it is a sight to behold, almost unique in today’s lit-up world. The Rangeley region is one of the last areas in the Northeast largely untouched by light pollution.
It is also a draw for many tourists and stargazers who come to the region for the clear view of the night sky.
A new group called Friends of the Western Maine Dark Sky hopes that by limiting the amount of light pollution, those views will be preserved for generations to come.
The group gathered at the Rangeley Lakes Heritage Trust on March 3 to talk about ways to educate the community on the importance of dark skies to the region.
One of their primary efforts is to try to designate Rangeley as an official Dark Sky community.
The designation will require a few steps. First, an application will be submitted to DarkSky International expressing an interest. Then, the town of Rangeley will need to adopt a new lighting ordinance at the June town meeting.
A new state law taking effect in October will require publicly funded outdoor lighting across the state to be dimmed at night to protect wildlife and dark skies. This includes using warm, yellow-toned bulbs, dimming or turning off nonessential lights and shielding lights so they don’t shine upward into the sky.
The town ordinance would create guidelines similar to the state laws on the kinds of lights used in town, as well as restrict some signs, such as LED message boards. Existing boards would be allowed to remain in place.
“The fact that the existing signage is grandfathered in perhaps bodes well for getting an approval of the town meeting,” said Linda Dexter, Dark Sky community certification coordinator at the Rangeley Lakes Heritage Trust, who is leading the effort. “It’s going to impact businesses in the town … right out of the gate, folks will tend to not vote for it.”
Even if an ordinance passes, change would likely be slow. Most of the group’s efforts will be on community education, such as informing seasonal residents to turn off the lights at their camps while they are gone for the winter. Also, the application may not be approved for up to six months after it is submitted, Dexter said.
Maine
This Classic New England-Style Cottage in Maine Has 200 Feet of Atlantic Ocean Frontage
A waterfront home with open ocean views on the coast of Maine came to market Tuesday asking $4 million.
Built in 1978, the three-bedroom cottage is at the southern point of Cape Elizabeth, less than 10 miles from downtown Portland. The 1.1-acre property on Sunny Bank Road features 200 feet of south-facing water frontage on the wide open Atlantic.
It is bordered by a rocky sea wall that’s about 28 feet high, according to listing agent Sam Michaud Legacy Properties Sotheby’s International Realty
“The views are like a Monet painting,” he said via email. “The water sparkles and the waves are endless.”
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The 3,364-square-foot home was built in classic New England style, with shingle siding, a single sloped roofline and large windows—complemented by white-washed walls, exposed-beam ceilings and wide-plank flooring on the interiors.
The main common area features cathedral ceilings with a step-down between the living and dining room, and a partial wall divides the dining room from the kitchen. There is also a wood-paneled family room off the kitchen, a gym and a covered porch.
The sellers purchased the property in 2010 for $1.562 million, according to property records accessed through PropertyShark. They could not immediately be reached for comment.
“I have received quite a few inquiries since hitting the market two days ago,” Michaud said. “Buyers understand that this is a golden opportunity to own over an acre with 200 feet of bold oceanfront in Cape Elizabeth.”
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There are currently just seven three-bedroom homes available for sale in Cape Elizabeth and fewer than five waterfront properties, according to Sotheby’s and Zillow data. It is also the most expensive listing in the town, with another waterfront property on a tiny lot just south of Portland coming in a close second, according to Zillow.
Michaud sold the former Cape Elizabeth home of Bette Davis this past summer for $13.4 million, the priciest sale on the cape in at least a decade—and even those views can’t compare. They’re “just magical,” he said.
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