This spring we are seeing an increase in both sales and prices over 2023. In March 2023, the number of units sold in the state of Maine was 858 and in March 2024, the number of units sold was 888, an increase of 3.5%. For prices, the median sales price for the state went from $337,500 to $380,000, an increase of 12.59%.
Looking at the rolling quarter for Cumberland County, the number of units sold stayed the same as the previous rolling quarter from January to March, 454. The median price for the rolling quarter, January to March 2023 – 2024 increased by 13.51% with the median price going from $470,000 in 2023 to $533,500 in 2024.
For information on how to best navigate the current market, reach out to your Realtor today!