The Meadows + Ellis Team

Portside Real Estate Group

Blog :: 2024

2024 Real Estate Forecast

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Interest Rates: Expect continued moderation, facilitating more transactions compared to 2023.

Home Prices: Anticipate a 3-5% increase in home prices.

Out-of-State and Second Home Demand: Foresee this segment contributing to 30% of the market.

Growth Areas: The northern and western regions of southern coastal Maine will continue to grow, potentially leading to affordability challenges for [...]

Portside's 2023 Annual Report

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Just Released: Portside’s 2023 Annual Report 

Residential real estate was a hot topic in 2023!  Despite the surge in mortgage rates, home prices continued to rise across Maine. This caused many potential home buyers to slow their searches compared to previous years as their budgets had to be adjusted due to increased interest rates aimed at [...]

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