Maine home prices fell in July but are still rising faster than the rest of the country

After plateauing at a record high in May and June, the average price of a home in Maine fell moderately in July, according to data released Thursday by the Maine Association of Realtors.

Maine’s median home price hit a peak of $425,000 in May and remained at that apex through June . But prices cooled slightly last month as the number of available homes and the total number of homes changing hands both increased year-over-year, the association said in its report.

For years, Maine’s home prices have been squeezed by increased demand and limited availability, both of which have pushed costs to new heights.

And while July’s median sales price was a few thousand dollars lower than the month prior, it was still tens of thousands more than the median home sale price last year: $390,200 —