The single-family home market in Southern Maine is beginning to show early signs of balance after years of strong seller control.
In July, the median sales price reached $605,000—up 2.2% from last year but easing 3.2% from June. Sales activity remained strong, homes continued to move quickly, and sellers still received slightly above list price on average. However, rising inventory and a higher months supply indicate buyers may be gaining more options and leverage.
If you’re thinking of buying, selling, or investing in real estate in the coming months, be sure to check out the attached report and see what these trends could mean for you. As always, I hope you’ll reach out should you have any questions or need the help of a qualified local broker.