Portland’s residential real estate market is entering a new phase, with rising inventory and longer days on market across single-family homes, condos, and multifamily properties. A new report from Benchmark Real Estate, based on data from Maine Listings, shows clear signs of a shift after several years of unusually fast-paced [...]
According to the latest citywide revaluation, the median Portland home jumped from $396,700 in 2024 to $566,600 — a 43% increase.
The mill rate dropped to $11.98, but for many homeowners, the tax bill shock is very real.
Read more: Portland Press Herald: Portland residential property values increased an average of 43% in last year
We all know the story: Boomers competing with Gen X and Millennials, often outbidding younger buyers for properties — a trend well documented across the country.
But there’s another shift underway — one that’s creating a perfect storm here in Maine and in other second-home markets nationwide.
Check out the feature by Mainebiz: [...]
As summer winds down and we step into fall; I want to take a moment to express gratitude. Labor Day isn’t just a long weekend — it’s a celebration of the workers who built this country, generation after [...]
Can I ask you a favor? We have an urgent need for volunteers Sunday morning, July 13. Our signature charity event, the Portland Kids Duathlon, is a week from today. Held each year at Payson Park in Portland, the event benefits the Foundation for Portland Public [...]
On a recent walk through my neighborhood, I saw something that struck me. A well-dressed individual had parked their car, popped open the hatch, grabbed a few bags, and walked into a nearby home. It was a delivery—groceries, maybe food. Nothing unusual these days. But for some reason, it [...]
A recently sold two-family home at 4 St. Lawrence St. on Munjoy Hill just set a new benchmark in Portland’s real estate market. Closing at $2.95 million, it marks the highest sale price and price per unit ever recorded for a two- to four-family home in the [...]
Despite the rain, the spring selling season is in full bloom. Inventories are up, homes are lingering for longer, buyers are back but bold, sellers are having to get real and realistic, and the overall market remains resilient. In this update, I share where we are at, where I think we are going, some recent questions and stories that paint [...]
On November 4, 2024, Councilor Kate Sykes proclaimed, “We are in a crisis, so everything we can do needs to prioritize the building of housing, not the building of hotels.” She then called on the Council to support a six-month moratorium on new hotel development, along with a study aimed at increasing the inclusionary fee (a $4,700 [...]
For too many, the American Dream of homeownership has become a myth - a mirage that feels forever out of reach. Instead, many settle into a lifetime of renting, missing one of the most powerful pathways to housing stability, community investment, and wealth building: the opportunity to own a [...]
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