Remember when buying a home felt like stepping into a bidding war every single time? Multiple offers, over-asking bids, and homes flying off the market in days?
Those days aren’t completely gone—but they’re not nearly as common anymore. Nationally, only about 20% of homes are still selling with multiple offers, down from 31% just a year ago. That shift gives buyers more time, more flexibility, and more negotiating power than they’ve had in years.
But here’s the thing: Maine tells its own story. Inventory has been climbing, yet we’re still nearly 50% below the historic highs of 2017. That means competition is very real in certain price ranges, even as more sellers are beginning to make concessions and adjust pricing.
At Maine Home Connection, we’re truly local and independent, which means we focus on what’s really happening here—not just the national headlines.
We just shared a short video that breaks it all down: where bidding wars are cooling, where they’re not, and what that means if you’re thinking about buying or selling in 2025.
To review the latest home sales statistics, visit: Sales Statistics
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About the Author: Michael
