MEREDA Releases the MEREDA Index Report for 2024
MEREDA has released its 19th edition of The MEREDA Index. As a key economic indicator for Maine, the MEREDA Index measures the pulse of the state’s real estate industry and is the leading way our industry tracks changes in Maine’s real estate markets. The MEREDA 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 edition covers the Index through the fourth quarter of 2024 and shows an increase of 2.9%1 between 2023 and 2024. The MEREDA Index was tabulated by economist Dr. Charles Colgan.
The story of real estate in Maine in 2024 was generally positive across all the sectors measured. There was slight downturn in the commercial real estate index, but this is the most volatile part of index, and the change might equally have been a slight upturn. Despite some increases and decreases, 2024 was a continuation of the upward trend in the index for the past decade.
To download a copy of the full report, please click here.
1 Compared with annual average 2024.
