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Episode Summary

In this month’s market update, I take you through what I am seeing nationally, regionally, and here in Maine—and what these trends may mean for all of us as we head into 2026. Instead of charts and long economic analysis, I offer a clear, narrative look at the shifts underway: why buyers remain cautious despite relatively stable interest rates, why home prices continue to hold near record highs, and how inventory is finally showing signs of loosening.

I also dig into some of the most interesting demographic trends shaping today’s real estate landscape—including the rising average age of first-time homebuyers and the growing number of young adults living at home longer than ever before. These generational patterns influence who is entering the market, when they enter, and how they make decisions.

As always, Maine tells its own story. I break down which markets what is happening with inventory, price appreciation and recently enacted and proposed policy changes that could impact the market going forward. And, I share my perspective on how thoughtful buyers and sellers can position themselves strategically in the months ahead.

Key Insights & Market Themes

National Market Trends

• Buyers across the country remain hesitant, even though mortgage rates have settled in the low to mid 6% range. Confidence — is fluctuating and driving many decisions.
• The median U.S. home price is now around $415,000.
• Affordability remains the central challenge, especially for first-time buyers who continue to face elevated monthly payments.
• Homeowners have gained, on average, $140,000 in equity over the last five years, an important factor in seller's incentives and stability.

Who’s Buying Now

• The average first-time homebuyer is older than ever (40), a reflection of affordability pressures and delayed entry into the market.
• Roughly one third of young adults nationally are living at home—many waiting for stronger financial footing or more favorable mortgage rates.
• This creates pent-up demand, which I expect to begin re-entering the market as rates soften in 2026.

Regional & Maine Trends

• Maine remains what I often call the place where national trends come to take a breath. We feel shifts later, and differently, than many parts of the country.
• Statewide, inventory is finally improving, reaching levels we haven’t seen since 2020.
• Cumberland County
  • Homes sold increased by over 8% on a rolling quarterly basis.
  • Median sales price climbed to over $600,000—a healthy,

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Please remember this podcast is for entertainment and educational purposes only and does not create an attorney client or real estate advisor client relationship. Please reach out to me directly if I can assist you in your real estate journey.