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Maine Set a New Record For How Much It Costs to Buy a Home

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Maine Set a New Record For How Much It Costs to Buy a Home


Maine’s housing market isn’t getting any better, and new numbers prove it.

The Portland Press Herald reported that the demand for single-family homes is still very high in Maine. That demand has pushed the average price up over seven percent to just under $400,000. People are paying that and more as closings are up for the fourth straight month in Maine.

The last record was set last year at $385,000 for the median price of a single-family home. The Portland Press Herald quotes Paul McKee, the association president and a broker with Keller Williams Realty in Portland,

Sellers have become more active in 2024. The 3,896 homes for sale in May were the highest number since August 2022 – 21 months ago – and the second-highest in 32-months – since September 2021. With more homes for sale, more transactions are happening.

Mainers are in a catch-22

Maine is a big state and there are many different real estate markets. In some markets in Maine, you might have some wiggle room to negotiate. But in many others, there simply aren’t enough homes on the market, and that puts bidding wars in place and it raises the median price. The average price for a home nationally (all housing types) was $419, 300, a new record and almost six percent higher than last year’s record price of $396,500.

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Photo by Tierra Mallorca on Unsplash

Photo by Tierra Mallorca on Unsplash

There are Mainers who are trapped in the home they own right now. For reasons like expanding the family, or a new job at a different location – some Mainers simply can’t move. Sure, you may be able to get top dollar for your home, but you can’t move, because you can’t afford anything. Lawrence Yun, chief economist with the National Association of Realtors said this about mortgages,

The mortgage payment for a typical home today is more than double that of homes purchased before 2020. Still, first-time buyers in the market understand the long-term benefits of owning.

Everybody understands the benefits of owning! But if mortgages have ‘more than doubled’ and your salary hasn’t, that math does NOT add to being a homeowner. He did say that prices should calm down when more homes get on the market, but we continue to see an unfriendly housing market if you don’t have a lot of cash.

 

Mainers Share 20 Things That Make Maine the Best State in the US

Gallery Credit: Sean McKenna

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Here’s 13 Maine Food Festivals You Won’t Want to Miss in 2024

Love food and festivals? Here are some of the best in Maine you need to attend in 2024.

Gallery Credit: Sean McKenna

 





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Maine

Building Hope: A Community Film Event to End Homelessness

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Building Hope: A Community Film Event to End Homelessness


On March 2, Spurwink will join community partners for a special viewing of Building Hope: Ending Homelessness in Maine at the University of Southern Maine’s McGoldrick Hall.

Directed by Richard Kane and produced by Melody Lewis-Kane, the film shines a compassionate light on the realities of Maine’s homelessness crisis. Through deeply personal stories, Building Hope explores the challenges faced by unhoused individuals and families, while highlighting the hope that emerges when communities come together to create solutions. It’s been praised for its honesty, dignity, and inspiring message: change is possible when we work together.

Following the screening, a panel of local leaders and advocates will discuss the film and the ongoing effort in Maine to end homelessness. Panelists will include Katherine Rodney, Director of Spurwink’s Living Room Crisis Center; Cullen Ryan, Chief Strategic Officer at 3Rivers; Donna Wampole, Assistant Professor of Social Work at USM; and Preble Street staff. Catherine Ryder, Spurwink’s Senior Director of Strategic Initiatives, will bring her expertise in trauma-informed care and community collaboration to the panel as the moderator.

This event is free and open to the public.

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McGoldrick Center, USM Portland campus


05:00 PM – 07:30 PM on Mon, 2 Mar 2026





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Maine Celtics roll past Windy City Bulls

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Maine Celtics roll past Windy City Bulls


Keon Johnson had 21 points and 10 rebounds as the Maine Celtics defeated the Windy City Bulls 122-87 in an NBA G League game on Sunday afternoon at the Portland Expo.

Hason Ward scored 16 points and Jalen Bridges 14 for Maine (13-15), which had seven players score in double digits. Bridges drained four 3-pointers for the Celtics, who shot 13 for 28 (46.4%) from beyond the arc.

Max Shulga dished out 11 assists and scored nine points.

Maine led 33-18 after one quarter 72-36 at halftime.

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Keyshawn Bryant scored a game-high 25 points for Windy City (12-12).



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‘Not only with tears, but with action’: Maine DOT honors two workers killed on duty

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‘Not only with tears, but with action’: Maine DOT honors two workers killed on duty


AUGUSTA, Maine (WABI) – An emotional day from Fairfield to Augusta, but felt throughout Maine and beyond, as state officials, community members and loved ones honored the lives of two Department of Transportation workers who tragically died in the field.

Maine DOT Commissioner Dale Doughty described the accident as “the nightmare that commissioners worry about.”

While working on Interstate 95 in January, Maine DOT workers James “Jimmy” Brown, 60, and Dwayne Campbell, 51, died after a driver failed to brake at a stop sign and crashed into a tractor-trailer traveling on the highway.

To honor the men’s commitment to public service and their legacy as fathers, outdoorsmen and Mainers, a procession including DOT officials, family members and more traveled to the Augusta Civic Center Saturday for a memorial service.

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Among those in attendance was Gov. Janet Mills, who remarked on who Brown and Campbell were and their dedication to their profession.

“Jimmy, as you know, worked for the Maine Department of Transportation for 12 years. Dwayne for more than 23 years,” Mills described. “We could count on Jimmy and Dwayne just as we could count on the 1,600 Maine dot workers who keep our roads and bridges safe every day.”

Brown was known for his humor and love of fishing, cars and his children.

Campbell got his start in the DOT by following in his father’s footsteps. Mills said at the service that Campbell loved his daughters and time spent outdoors.

For Commissioner Doughty, losses like this hit hard because of the closely bonded “family business” that DOT is.

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That family expands past state lines, as departments of transportation from New Hampshire and Vermont were present to show their support.

New Hampshire DOT State Maintenance Engineer Alan Hanscom said he called Maine DOT just hours after hearing of the accident to see what his crews could do to help.

“My employees are impacted or subject to the same dangers that Maine and every other state is,” Hanscom said of the importance of his attendance. “I have an employee that was killed in a motor vehicle crash some years ago, so it kind of hits home.”

Unfortunately, Doughty says accidents happen “quite frequently.”

Saturday’s event served not only as a commemoration but also as a call to action. Despite DOT’s training, Doughty says it is rendered useless if motorists put right-of-way employees in danger through reckless or distracted driving.

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Hanscom expanded: “People don’t realize that this is our office. You’re driving through our office space. We’d like you to give us some consideration and slow down and be mindful of where we are. Give us a little respect.”

Doughty mentioned that these dangers extend beyond DOT workers to everyone who does roadside work. Because of this, he says, agencies must join forces to develop solutions.

“I really think it’s time, and we have a meeting coming up in April, where we pull all agencies and all companies that work in the right-of-way, contractors, utilities, everyone to start to talk about that message,” Doughty said.

On the podium, Doughty told audiences: “Please help us carry forward their memory, not only with tears, but with action.”

On Thursday, the Joint Standing Committee on Transportation authorized the Maine Turnpike Authority to conduct a pilot program for speed enforcement in work zones. The legislation is now headed to the House and Senate.

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