SALES DOWN AND VALUES UP IN DECEMBER:

In a press release to the media today, Maine home sales decreased -6.14% comparing December 2023 to December 2022. The median sales price (MSP) was $350,500, a 6.21% increase in that same time period. NAR reports that existing home sales were down and prices up nationally and in the northeast, comparing December 2023 to December 2022. 

In a press release to the media today, Maine home sales decreased -5.51% comparing November 2023 to November 2022. The median sales price (MSP) was $355,000, a 9.23% 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 November 2023 to November 2022.

When it comes to understanding the real estate market, there are several important metrics that can give buyers and sellers valuable insights. Today we will be specifically focusing on the correlation between various key indicators. Whether you are a buyer or a seller, understanding these metrics is crucial in making informed decisions in the ever-changing real estate market.

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."

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.

August 2023, York County 

In the ever-evolving realm of real estate, knowledge is power. To make informed decisions in the housing market, understanding key metrics is crucial. This article takes you on a journey through the numbers that shape the landscape for both buyers and sellers.

Maine's housing market stays hot, with prices up 7.34% in July 2023, reaching a median of $380,000. Sales dipped 20.93%, but demand remains high due to limited inventory.

After a sluggish start in the first quarter, the Maine residential real estate market experienced a welcome upturn during the Spring months of Q2. Check out what Founder and CEO, Dava Davin has to say about Q2!