Even though inventory has been increasing, home prices in Maine have also continued to climb with some in unexpected counties seeing substantial increases.
A Maine referendum enacted in 2016 requires the state to adjust the minimum wage each year based on the cost of living, which we all know is high, so it only makes sense to boost the pay for Maine's minimum wage workers.
Maine's real estate market is still cruising along, even if you're struggling to find a "For Sale" sign these days. Single-family home sales in the state have shown a solid increase, but so have the prices.