Year to Date home sales in Cumberland County trail prior year by nearly 6% while median selling prices are up just over 8%, as illustrated in the Infographic below.
With interest rates continuing to remain high, the time to sell a home has been increasing. This is true for both single family homes and condos.
On a monthly basis, for sale inventory is up from prior month while homes under contract have declined. Monthly sales compared to February 2023 declined 6%.
For more information, use the interactive sales chart, where you can find home and condo sales dating back multiple years. You can also set up to receive monthly updates by local community.
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About the Author: Michael
Michael, along with his wife Laura, is co-owner of Maine Home Connection, an independent real estate company located in Portland. Maine. Together they started the brokerage from scratch with a new vision of what a company could look like if it focused completely on the needs of our clients and our agents.
