Is Maine's Housing Market Finally Cooling Off?

Is Maine's Housing Market Finally Cooling Off?

Maine Real Estate Market Update - September 2024

Welcome back to Live Life in Maine! In this video, we're diving deep into the latest real estate market trends for September 2024. 🏡✨

Market Highlights:

York County: The market remains strong for sellers with only 2.53 months of inventory and a median sold price of $548,500. Homes are selling quickly at 100.5% of the list price on average.

Cumberland County: Despite a slight dip in the median estimated value by 0.8%, the market is holding steady with a median sold price of $555,000. There are only 2.16 months of inventory available, making it still competitive for buyers.

Androscoggin County: The median sold price is up 3.4% over the past year, reaching $346,000. The market remains hot, with homes selling at 101.1% of the list price.

Kennebec County: Shifting towards a more balanced market with 3.09 months of inventory and a median sold price of $335,000. Homes are spending about 37 days on the market.

Penobscot County: Inventory has increased to 3.72 months, and the median sold price is $275,000. This county shows signs of easing for buyers.

Throughout the state, we see varying trends depending on the county, but overall, Maine's real estate market is still in favor of sellers in most areas. Whether you're looking to buy or sell, understanding these local dynamics is crucial.

💼 Thinking of buying or selling your home? Reach out to me, your trusted Maine realtor, for a personalized market analysis or to discuss how we can achieve your real estate goals.

🔔 Don't forget to like, comment, and subscribe to stay up-to-date with the latest Maine real estate trends and tips.

🔍 Key Topics Covered:

Median Home Prices: Analysis of current home prices across Maine and how they compare to previous months.
Market Inventory: An overview of the number of homes available for sale and how inventory levels are affecting the market.
Buyer & Seller Tips: Practical advice for both buyers and sellers in today's market.
📈 Data-Driven Insights: We provide charts, graphs, and expert commentary to give you a clear picture of the current housing landscape.

🔔 Stay Informed: Don't forget to like, subscribe, and hit the notification bell so you never miss our monthly market updates and real estate tips!

📢 Join the Conversation: Have questions or observations about the Maine housing market? Drop a comment below – we'd love to hear from you!

Local Insights: Get a sneak peek into what makes Maine a fantastic place to live, including local attractions, amenities, and community life.

📞 About Scott Thibeau:

Scott Thibeau is a highly regarded realtor with years of experience helping clients find their perfect homes in Maine. Known for his personalized approach, Scott ensures each client receives tailored advice and support throughout their real estate journey.

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DISCLAIMER All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording**
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Scott Thibeau Real Estate Agent | Maine Real Estate License: BA926594
Brokered by EXP Realty
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