How Buying or Selling a Home Helps Your Local Economy

Whether you’re buying or selling a house, here’s something to think about that most people don’t. Your decision doesn’t just impact your life and your family’s, it sparks a ripple effect that has a positive impact on your entire [...]

March 20, 2025 - In a press release to the media today, Maine home sales increased 6.51% compared to February 2025 to February 2024. The median sales price was $381,500, a 9.00% increase in that same time period. Knox County saw a 37% rise in number of units on the market from 2024 to 2025, while the median sales price stayed the same at $440,000. While Cumberland County saw a 19.66% increase in number of units sold in the same time period, with a 9.93% change with the median sales price increasing from $513,970 in 2024 to $565,000 in 2025. NAR reports that existing home sales were down and prices up nationally. Home sales and prices were up in the northeast, comparing February 2025 to February 2024. 

source: Maine Real Estate Information System, Inc. 

FMI contact Cates Real Estate 207-701-5600 | [email protected] 

#maineassociationofrealtors #pressrelease #propertiessold #mainehousing #realestatestatistics #housingreport

What You Need To Know About Homeowner’s Insurance

Homeowner’s insurance is necessary to protect your most significant investment – your home. And while you never want to think about worst-case scenarios, the right coverage is your safety net if something goes wrong. Here’s how it helps you.

• Covers Repairs and Rebuilding Costs: If your home is damaged by fire, storms, or other covered events, your policy helps pay for repairs or even a full
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Based on information gathered from Maine Real Estate Information System, Inc., the median sales price of a single-family home in Maine for Q4 2023 was $395,000, up 9.34% from last year. The number of units sold also went up 7.7% from Q4 2024 vs 2023. 

If you are thinking about moving and unsure where to begin, call us today at 207-701-5600 or email us at [email protected]. 

Evaluating single-family residential sales in the State of Maine from January 1, 2024, through December 31, 2024, most buyers came from within the State of Maine, with 69.27% of all purchases, equating to 9,897 homes sold last year. Ranking second are out-of-state buyers from Massachusetts, 8.71%; New Hampshire, 4.11%; Florida, 2.21%; and New York, 1.41%. 

Thinking about "right-sizing" as your current situation is not working for you, or perhaps it's time to move closer to your loved ones, call us today at 207-701-5600 or email us at [email protected]. 

Fill the Strand with food for the 5th annual community event to support AIO food programs: the Market, the Weekend Meals Program and after school snack program. 

Together is better and Together we Can! 

From our homes at Cates Real Estate to yours, we wish you a happy and joyous holiday season. May your holidays be filled with love, laughter, and warm memories. As we reflect on the year that has passed, we are grateful for the opportunity to serve you and to be a part of your community. We hope the coming year brings you happiness, health, [...]

In 2023, most buyers who purchased a single family residential dwelling came from within the State of Maine. This accounts for 67.87% of homes transferred to fellow Mainers who were downsizing, upsizing, and rightsizing. This compares to Q4 statistics that showed 68.8% of purchases were Mainers.

FMI contact a lifestyle expert at Cates Real Estate | 207-701-5600 | [email protected] | www.catesre.com

As a REALTOR, we understand the importance of maintaining a safe and healthy home environment for our clients. However, one aspect of home ownership that often gets overlooked is the proper disposal of household hazardous waste. From cleaning supplies to old paint cans, household hazardous waste poses a risk to both human health and the [...]