August marked the 151st consecutive month of year-over-year home price increases in the U.S. Nevertheless, the rate of growth is beginning to slow, with annual forecasts predicting smaller gains. The market here in Maine continues to follow the national trends, which could mean a slowdown in rising costs for those looking to buy in our area.
If you are hoping to take advantage of future dips, or if you are hoping to list your property before pricing cools, I hope you’ll consider hiring me as your broker.