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MEREDA Index

The MEREDA Index is the leading way our industry tracks changes in Maine’s real estate markets. Check out the latest edition!

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Recent News

February 22, 2019

Mark Your Calendar to Join MEREDA for Breakfast on March 12 to Discover How the “Transformation of the Retail Experience” is Taking Shape in Maine

Rock Row is a transformative 110 acre mixed-use development thoughtfully designed to complement state-of-the-art architecture with the…

February 19, 2019

Join DevelopME for a “Lunch & Learn” Seminar titled “Building a Career In Real Estate”

Join DevelopME on Thursday March 7, 2019 at the Portland Public Library from 11:30 a.m.—1:00 p.m. for…

January 22, 2019

Thinking Spring? Think MEREDA’s Annual Networking Social on March 21!

Make plans now to join us on March 2 at Ri Ra Irish Pub & Restaurant for MEREDA's Annual…

Want to Know What’s Really Happening in Maine Real Estate? The MEREDA Index Has More Than Just The Numbers.

The MEREDA Index, a key economic indicator for the state of Maine, was presented yesterday at the Maine Real Estate & Development Association’s (MEREDA) 2019 Annual Forecast Conference.  While the Index was little changed in the last six months, declining by 0.2% since the first quarter of 2018, the individual components of the Index—commercial, residential, and construction—help tell the story beyond the numbers.

“When we elected to embark on this project in 2013, we understood that this was information that over time would become more meaningful, as a way to compare and chart the progress of the real estate industry in Maine,” says Gary Vogel, MEREDA President and attorney at Drummond Woodsum.

The MEREDA Index is a measure of real estate activity designed to track changes in Maine’s real estate markets.  The Index is a composite of nine seasonally adjusted measures reflecting both new development and transactions involving existing properties and it covers both the commercial and residential markets statewide.  This most recent release covers the middle two quarters of 2018.

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MEREDA’s mission is the same today as it was at its founding – to promote fair and responsible development and ownership of real estate throughout the State of Maine. MEREDA remains firmly committed to vigorously presenting the views and concerns of its members on issues that affect them to state lawmakers and other government officials, and advocating effectively on their behalf.

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