Here’s something you should know before you sell your house. The homeowners who win in today’s market aren’t the ones waiting it out or stepping back. They’re the ones who adapt from the [...]

After several years of high mortgage rates and hesitation from buyers, momentum is quietly building beneath the surface of the housing market. Sellers are reappearing. Buyers are re-engaging. And for the first time in what feels like forever, there’s movement happening [...]

A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s. Because who doesn’t want a better [...]

The Maine housing market demonstrated a notable increase in sales activity from September 2024 to September 2025, with home sales rising by 5.12%. This positive momentum in transaction volume comes amid a slight moderation in the median sales price (MSP), which decreased by 1.35% during the same period, settling at $402,500.

This local trend in Maine contrasts somewhat with national and regional data, as the National Association of Realtors (NAR) reported an upward trajectory in existing home sales and prices across both the nation and the Northeast for the identical September 2024 to September 2025 timeframe. While Maine's sales growth aligns with the broader positive sentiment, its slight dip in median price presents a unique dynamic within the larger market context.

The 5.12% increase in home sales in Maine indicates a robust demand and continued interest from buyers in the state's diverse housing offerings. This could be attributed to a variety of factors, including the state's quality of life, economic stability, and evolving demographics. The willingness of buyers to engage in transactions suggests a degree of confidence in the long-term value of homeownership in Maine, even as affordability remains a key consideration for many.

Conversely, the 1.35% decrease in the median sales price, while modest, warrants careful observation. This slight adjustment could indicate a market recalibration, driven by increased inventory, shifts in the types of homes sold, or prevailing interest rate conditions that may be influencing buyer purchasing power. It could also suggest that, while demand remains strong, sellers are adjusting their expectations to align with market realities. This position Maine as a more balanced market, offering increased transaction opportunities without the rapid price escalation seen in some other regions.

If you've put your move plans on hold due to high rates or prices, it may be time to reassess your numbers. Affordability is improving in 39 of the top 50 markets, according to First American. And that’s the 5th straight month where buying a home has become slightly easier.

Let’s break this down into real dollars, so you can see the difference this could make for you (and your [...]

We are thrilled to announce that Martin Cates has been named the 2025 State REALTOR® of the Year!

This prestigious award recognizes a REALTOR® for their outstanding contributions to the real estate profession at the state, local, and national levels. Martin was selected from 11 nominees representing local REALTOR® associations and over 6,400 REALTORS® across Maine.

Martin has consistently demonstrated exceptional dedication through numerous volunteer positions. He has served as a Director for the Maine Association of REALTORS® and has been a vital part of Maine Listings, the statewide multiple listing service, for the past 10 years. During this time, he served as a ​Director and then moved into an executive leadership role, including serving as Maine Listings President in 2022. He actively contributed to every committee and task force during his leadership tenure.​ His commitment significantly enhances both his REALTOR® community and the wider region.

Please join us in congratulating Martin on this well-deserved recognition!

This move-in-ready residence offers a peaceful and efficient living experience. It features a lovely, private backyard with a sunny deck and mature trees, ensuring ultimate privacy. Recent updates include a new roof, siding, and all new [...]

Welcome to 261 S Union Road, Union. This 1,440SF building is currently used as a two-bay garage, offers a full walk-out foundation - perfect for expansion or storage. Electrical service is installed and a well is drilled, anticipating conversion into a comfortable one or two-level home. With 3.6+/- acres, there's ample room for a septic [...]

Did you know? A record 40% of U.S. homeowners now own their homes outright. That’s the highest share ever recorded.

And that’s a crucial statistic if you’re considering downsizing. 

Think about it. If you’ve been in your house for a long time, you may be able to sell and buy your next home in cash. 

You can purchase a smaller, less expensive home that better suits your lifestyle today, with lower bills, less upkeep, and no new mortgage in [...]

The market is shaping up to bring buyers more options, better prices, and less competition in most of the top 50 metros.

But the exact week when buyer-friendly conditions peak varies by market. 

Want to know the sweet spot in our area? DM me and I’ll send you the details.

FMI contact: Cates Real Estate | 207-701-5600 | info@catesre.com 

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