Mainebiz

November 3, 2025

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W W W. M A I N E B I Z . B I Z 7 N OV E M B E R 3 , 2 0 2 5 Maine home sales up, but prices down For the second time in 2025 and only the second time since March 2019, Maine's median home sale price decreased in a year-over-year comparison. Cumberland dipped from a high of $616,000 to $605,000 in the rolling quarter compari- son. York County remained at $550,000. Lincoln County, which had a median sales price of $502,500 in August, dipped to $486,000. For the state as a whole, the median sales price of $402,500 was a slight 1.35% decrease from September 2024, according to Maine Listings. e number of single-family homes sold in September increased 5%, from 1,505 to 1,582. For the second time in 2025, Maine's median home sale price decreased in a year-over-year com- parison. Aroostook remained Maine's most affordable county, with a median sales price of $170,000, down from $175,000 a year ago. Forest industry contributes $8 billion to Maine economy Maine's forest products industry contributed $8.3 billion to the state's economy and employed 29,000 people in 2024, a report shows. Between 2019 and 2024, employment in Maine's forest products sector fell by 7%. e industry remains in flux, with paper manufactur- ing sales down by 41% but wood prod- uct manufacturing sales up by 45%. N O T E W O R T H Y S T A T E W I D E KeyBank Foundation in Portland awarded a $200,000 philanthropic grant to Coastal Enterprises Inc., a Community Development Financial Institution in Brunswick, as part of KeyBank's bicentennial celebration. York County brewing site has new owner A 4,000-square-foot retail building at 94 Patterson Road in Limerick is being fitted up for Auxiliary Brewing Co. e space was formerly occupied by Gneiss Brewing Co.,which closed last year after more than 10 years in business. A sibling team bought the S T A T E W I D E S O U T H E R N Pure Confidence. Custom DI Solutions from Culligan. Culligan Deionizer Exchange Systems provide high-purity water essential for industries like laboratories, electronics manufacturing, food & beverage, healthcare, and more. Using advanced ion exchange resins, we reduce impurities * to meet your facility's exact standards. Our DI solutions are customizable and supported by expert service technicians who regenerate or replace tanks as needed. Whether you need new tanks, regeneration of your existing ones, or a rental solution—we've got you covered. Call us today at (207) 846-5061 or visit WTE-Inc.com to customize your DI solution. Let Culligan deliver the purity your process demands. 915 U.S. Route 1, Yarmouth * I M P U R I T I E S M AY N O T B E I N YO U R WAT E R . You know your business – we know how to help. Scan to learn more! Discover business checking solutions from Kennebec Savings Bank and let us help you reach your financial goals.

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