Facts are stubborn, but statistics are more pliable – Mark Twain
Cumberland County’s June YTD numbers move in the same direction, at the same modest pace: sales up 2.6%, median price up 2.6% to $595,000. Look one layer down and the pace picks up. June alone saw 371 single-family homes sold — up 1.3% from a year ago — at a median of $620,000, even as pending sales fell 28% and active listings climbed 28%. More homes to choose from, fewer under contract, and yet the ones that closed still closed at a higher price. That’s not contradiction; that’s a market where buyers have room to look and sellers still hold the line.
The condo market moved with more conviction. YTD sales are up 89% — 233 against 123 a year ago — even as the median price eased slightly to $515,000. More buyers, at a small discount, buying faster.
And underneath it sits the absorption rate, the pace at which listings turn into sales. At 1.9 months, it’s up 17% from a year ago, but still well below the balanced-market range that held through 2018 and 2019, and a long way down from the 165% peak of early 2022. The market has loosened. It has not gone slack.
Town by town, the county average hides real range: Scarborough’s sales rose 77% while Cape Elizabeth’s fell 22%; Yarmouth’s median jumped 38% while Kennebunkport’s dropped a fifth. The county number tells you where the market landed. The town number tells you how it got there.
The MHC Perspective:
Markets don’t shift overnight – they evolve. That’s exactly what we’re seeing today. For sellers, success is becoming less about simply putting a home on the market and more about presenting it in a way that creates excitement and competition. Professional marketing, compelling storytelling, strategic pricing, and outstanding photography and video matter more than ever.
For buyers, this is one of the best opportunities we’ve seen in several years. More inventory means more choices, fewer rushed decisions, and a greater chance of finding the home that truly fits your lifestyle. At Maine Home Connection, we don’t just watch the market—we help our clients understand what the numbers mean for their unique situation. Because every move is different, and every strategy should be too.
As the marketplace shifts, whether you’re selling or buying, communicate with an agent at Maine Home Connection early for the best strategy to navigate the complexities of your transaction. With high interest rates and record level home prices, Maine’s real estate market continues to be challenging. If you are looking to buy or sell in the near future, it is a good idea to consult with one of our professional MHC agents.
Ours is a business built on knowing the difference.
Until next time … Imagine More!
Michael Sosnowski
Designated Broker | Principal
