Home prices in 3 Maine communities are outpacing European namesakes
Average home prices in Bangor, Maine, rose more than 50 percent since the beginning of the pandemic in January 2020 until June 2023. In Bangor, Wal...
Average home prices in Bangor, Maine, rose more than 50 percent since the beginning of the pandemic in January 2020 until June 2023. In Bangor, Wales, prices also rose a significant 35 percent during that time. The parallel forces of higher mortgage rates, inflation and housing shortages are at work in cities on both sides of the Atlantic Ocean to make housing more pricey. The compared housing trends in several Maine communities with the European cities for which they were named and found faster growth in prices recently here despite similar market dynamics and pressures.