Maine has always marched to the beat of its own drum, and that independent spirit has been paying off in real estate! Over the past five years, our amazing state has delivered home price growth of 73% from Q1 2020 to Q4 2024 — outperforming almost every other state! We even beat out some competitive markets like…
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…
The Southern Maine market stayed hot in June. The median single-family home price hit $625,000—up nearly 8% from May. Sales rose 22.9%, and homes are still moving fast, with a median of just 6 days on market. Sellers continue to see strong returns, averaging 102.3% of list price. Meanwhile, inventory is climbing—up nearly 60% year-over-year—giving…
2025 is off to an… interesting start. Year-to-date sales in Maine as a whole, as well as both Cumberland and York Counties were negative this month. York County’s median selling prices were also negative, and the average days on market were up significantly. While these may be signs of a cooling market, they could also…
The year 2024 showcased a dynamic and evolving Maine real estate market, defined by rising home prices, resilient demand, and the ongoing challenge of limited inventory. As we enter 2025, this report explores the key trends shaping the market and their impact on both homeowners and buyers. Take a look through the report below to…
And just like that, 2024 is a wrap. Pending sales were down in December, but total sales for the year were up. Stay tuned in the coming weeks for a look at 2024 as a whole! If you are considering buying, selling, or investing in a home in 2025, I hope you’ll consider hiring me…
As 2024 wound to a close, it was apparent that year-to-date sales had been much stronger than many people expected, with sales up by 4% statewide and nearly 5% in Cumberland County. However, pending sales for November were down 18% compared to the same month last year, and median prices have also seen a decline.…
With home prices reaching historic highs nationwide, inventory staying low, and recent commission changes from late summer still shaking out, many potential sellers and buyers are feeling unsure about the upcoming winter housing market. In southern Maine, October saw another rise in the median home price, but there was also a modest increase in new…
August marked the 151st consecutive month of year-over-year home price increases in the U.S. Nevertheless, the rate of growth is beginning to slow, with annual forecasts predicting smaller gains. The market here in Maine continues to follow the national trends, which could mean a slowdown in rising costs for those looking to buy in our…
As temperatures continue to creep up this summer, so apparently does the inventory in the residential market! Whether you’re looking for a cozy retreat from the heat or a sunny investment opportunity, new listings are helping ensure that there’s something for everyone. But will this increased inventory help cool home prices? If you are considering dipping your toes in the…
