Lack of inventory is still the story with Maine residential real estate. On the sales side, median sales prices have remained high and, on the rental side, vacancy rates are among the lowest in the nation.
This year’s conference, held at the Cross Insurance Center in Portland on Jan. 26, had a crowd of 750-plus attendees, who were there for the showcase and more than a dozen presentations.
Coming off three strong years, more than 750 attendees at the MEREDA Real Estate Forecast Conference heard mixed news about sectors of the real estate market, with concerns about interest rates, tight inventory and the prospect of a recession.