Metropolitan Statistical Area (MSA):

Lewiston-Auburn, ME

Lewiston-Auburn, ME is a Metropolitan Statistical Area (MSA) comprising counties including .

Housing Market Trends in the Lewiston-Auburn, ME Metropolitan Statistical Area

There are many factors influencing the real estate market in the Lewiston-Auburn, ME metropolitan statistical area (MSA). The following is a brief overview of some of the most important trends affecting the market.

The population in the MSA has been slowly but steadily declining for several years. This has led to a decrease in demand for housing, which has put downward pressure on prices. However, there are still pockets of strong demand, particularly in areas with good schools or close to downtown Auburn and Lewiston.

The inventory of homes for sale in the MSA has been increasing in recent years. This is due to a combination of factors, including more foreclosures and people choosing to rent rather than buy. The increase in inventory has put downward pressure on prices as well.

The average price of a home in the MSA has been declining for several years. In 2019, the average price was $142,000, down from $153,000 in 2018 and $168,000 in 2017. The decline is due largely to the decrease in demand mentioned above. However, there are still some areas where prices are rising or remaining stable due to strong demand from buyers (as mentioned above).

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