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May 27, 2018 at 8:00 am

MEREDA Index: Real estate activity reaches record in first quarter

The MEREDA Index, a quarterly measure of real estate activity in Maine, reached a new record through the first quarter of 2018, driven primarily by rising prices in the residential and commercial markets

The index, a composite measurement of residential and commercial transactions plus new construction, is 100.4. That represents a 2.4% increase since the third quarter of 2017 and 4% over the 12 months since the first quarter of 2017.

The latest index was announced at the Maine Real Estate & Development Association’s spring meeting on May 16. The index is a composite of nine seasonally adjusted measures reflecting new development and transactions involving existing properties and covering the commercial and residential markets statewide.

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