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Stock impact report

3 Maine counties now have median home price over $500,000 [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
It costs more than $500,000 to buy a home in three of Maine's 16 counties — Cumberland, York and Lincoln — and four others are not far behind, in the $400,000s, according to data released Thursday from the Maine Association of Realtors. The state's ongoing inventory shortage, coupled with the high demand for single-family homes, has led to a record-breaking year for home prices in Maine. The median sale price in October was $395,000 — a roughly 5% increase from October 2023, but a 3.4% decrease from September's record-setting $409,000. Prices usually peak in the summer and early fall, during real estate's busy season. Along with prices, sales have also increased, continuing the trend so far this year, a deviation from several years of plummeting sales during and immediately after the pandemic. According to the association, 1,481 homes changed hands in October, a 3.2% increase from the year before. Paul McKee, president of the Maine Association of Realtors, said that so far Show less Read more
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