Cumberland County Remains Maine's Most Expensive County Amid Housing Price Rises
1 report, 1 independent
Updated 00:00
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What happened
In September, home sales in Maine fell 4.15% compared to the previous year, marking the second consecutive monthly decline. Despite the drop in volume, the median sales price increased by 2.6% to $415,000. Cumberland County, which includes Portland, was reported as Maine's most expensive county, with its median sales price rising 3.44% to $599,950, even as sales there declined by 2.24%.
From mainebiz.biz
Why it matters
The housing market is experiencing an affordability squeeze due to high mortgage interest rates. While overall sales volume is declining, the increase in median home prices suggests continued upward price pressure in key areas like Cumberland County.
From mainebiz.biz
Who's involved
- Cumberland CountyCounty identified as Maine's priciest, including Portland
- MaineState where housing sales and price trends are being reported
- PortlandCity included within Cumberland County, which is Maine's priciest county
Keep exploring
The entities involved
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Cumberland County
county in Illinois, United States
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Maine
tributary of the Loire in France