Join Portside Real Estate Group's extended Pop Up Holiday Drive, running until December 24th! Donate goods at our Falmouth, Brunswick, and Kennebunk locations, supporting the Maine Children's Home Christmas Program. Can't make it in person? Order from our Amazon Wishlist by 12/3 for direct shipping or let us handle donations and purchases on your behalf! Spread joy this season

Boulangerie Bakery in Kennebunk, Maine, is not your average bakery. This charming French-inspired bakery has been a local favorite for over two decades, and for good reason. From the moment you walk in, you're greeted with the intoxicating aroma of freshly baked bread and a warm and inviting atmosphere. And the baked goods? They're out of this world. From their traditional French baguettes to their flaky pastries and mouth-watering sandwiches, everything is made with the highest quality ingredients and baked fresh every day. Whether you're a local or just passing through, Boulangerie Bakery is a must-visit destination for anyone who appreciates good food and a cozy atmosphere.

In today's real estate, knowing these metrics is crucial for informed decisions. A low "Months Supply of Inventory" and quick sales favor sellers, but a 19.37% increase in "12-Month Change in Months of Inventory" hints at a shifting landscape. 

In a press release to the media today, Maine home sales decreased -25.40% comparing September 2023 to September 2022. The median sales price (MSP) was $376,750, a 14.17% increase in that same time period. NAR reports that existing home sales were down, and median sales prices were up nationally and in the northeast comparing September 2023 to September 2022.

Maine Residential Market Overview - Best Quarter of the Year!

The third quarter brought a noticeable seasonal shift in inventory and sales, making it the busiest and most vibrant period for Maine's real estate market this year. It was a mixed bag of real estate tales - ranging from intense bidding wars for coveted single-family homes in the Portland area to the less fortunate fate of overpriced listings that lingered without securing acceptable offers, eventually leading to strategic price reductions until finding the elusive "sweet spot."

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September 2023, York County

When it comes to understanding the real estate market, there are several important metrics that can give buyers and sellers valuable insights. Let's take a closer look at the correlation between the following metrics: Months Supply of Inventory, 12-Month Change in Months of Inventory, Median Days Homes are On the Market, List to Sold Price Percentage, and Median Sold Price.

Maine home sales decreased -18.77% comparing August 2023 to August 2022. The median sales price (MSP) was $372,000, a 9.41% increase in that same time period. NAR reports that existing home sales were down, and median sales prices were up nationally and in the northeast comparing August 2023 to August 2022.

As a homeowner, you want to get the best possible return on your investment when it comes time to sell. That's why it's important to work with a brokerage that has a proven track record of success. Check out more on why The Bassett Team at Portside should be your trusted broker!

Portside is proud to have been selected for membership in Luxury Portfolio International®, the luxury marketing division of Leading Real Estate Companies of the World®. Membership is awarded solely to brokerages like ours, with significant luxury market share and expertise in buying, selling and marketing high-end properties to today’s global affluent.