Revamping this season’s real estate.

Story By Sofia Voltin

Last year experienced “the lowest number of home sales since 2008 nationwide,” says Dr. Lawrence Yun, chief economist for the National Association of Realtors. “It’s been challenging market conditions with strange dynamics.”

Dava Davin, CEO of Portside Real Estate Group, adds, “Twenty-one percent fewer homes sold in Maine in 2023 than in 2022.”

The housing inventory shortage persisted, creating a difficult environment for real estate professionals. Yun says, “Sales were down, but believe it or not, Maine is doing better than much of the rest of the country. Realtors and mortgage originators don’t have as much business now as before. But homeowners are happy.”

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