The MEREDA Index
Recent Years
MEREDA 2025 Index
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.
MEREDA 2024 Index
The story of real estate in Maine in 2023 was a meager supply increase but steady price increase. This was true of both the commercial and residential sectors.
MEREDA 2023 Index
The MEREDA Index declined by 0.8% between 2021 and 2022. The decline was driven by the residential Index, which fell 7.3% as interest rate increases began to seriously bite into real estate markets.
MEREDA 2022 Index
The MEREDA Index jumped by 10.8% in 2021 over 2020. The Index increased each quarter over the previous year’s same quarter throughout the year, with over 10% increases in the first and fourth quarters.