Maine has always marched to the beat of its own drum, and that independent spirit has been paying off in real estate! Over the past five years, our amazing state has delivered home price growth of 73% from Q1 2020 to Q4 2024 — outperforming almost every other state!
We even beat out some competitive markets like Florida (+71%), Montana (+70%), New Hampshire (+68%), and Vermont (+67%). Not too shabby for our little corner of New England! So what’s making Maine so special?
- We’ve got that perfect “just right” inventory (not too much, creating great value)
- People from all over are discovering what we’ve always known — Maine is amazing!
- Everyone wants to be here, whether it’s their forever home or dream vacation spot
While other markets have been cooling down, Maine keeps going strong. Buyers have been so enthusiastic that we’ve barely seen our usual seasonal slowdowns, though we’re noticing some early signs that traditional patterns might be returning as we head into the holidays.
If you’re thinking of buying, selling, or investing in the southern Maine real estate market, check out the attached report. Should you have any questions or need the help of a qualified local broker, I am happy to help.
Data courtesy of the National Association of Realtors (NAR)