May 2025 Real Estate Market Report:
Cumberland County & York County, Maine
The Southern Maine real estate market is maintaining strong momentum heading into early summer. Inventory is rising across the board, and buyer activity remains steady, even in the face of slight price shifts in some areas. Whether you’re actively house hunting or thinking about listing your property soon, the May numbers tell an important story.
Cumberland County Real Estate Market for May 2025
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New Listings: 531 (+17.0% YoY)
Inventory continues to build in Cumberland County, offering buyers more choice and helping to balance out the intense competition from earlier in the spring. -
Median Sale Price: $570,002 (down 1.7% YoY)
After months of price increases, the slight dip in median pricing could reflect buyers becoming more selective or sellers adjusting to compete with a larger pool of listings. -
Sold Listings: 271 (+11.5% YoY)
Homes are still moving, and at a healthy pace. The increase in sold listings shows that buyers are active and ready to make offers. -
Average Days on Market: 6 days (unchanged)
Homes are still going under contract quickly, especially when priced right and professionally marketed.
Key Insight:
Cumberland County is showing signs of a maturing spring market: solid buyer activity, increasing inventory, and stabilizing prices. Sellers should be strategic. Buyers have more choices, and standout marketing can make all the difference.
York County Real Estate Market for May 2025
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New Listings: 414 (+27.0% YoY)
Inventory is surging in York County, with the largest year-over-year growth we've seen this season. More homes mean more opportunity, but also more competition among sellers. -
Median Sale Price: $565,000 (up 12.0% YoY)
Unlike Cumberland, York County has seen a significant price increase. Demand in key towns like Wells, Kennebunk, and York is pushing values up. -
Sold Listings: 222 (+14.4% YoY)
Buyers are stepping up, with closed sales up double digits over last year. -
Average Days on Market: 7 days (unchanged)
Like Cumberland County, homes in York are still selling fast, especially when they’re well-prepared and attractively priced.
Key Insight:
Despite more competition, York County sellers are seeing strong results. Prices are rising and homes are moving. Buyers will need to act decisively, especially in high-demand towns near the coast.
What This Means for You
For Buyers:
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York County is heating up quickly, with rising prices and lots of activity. If you're hoping to purchase, consider acting soon, especially before further summer demand.
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Cumberland County offers some room to negotiate with prices softening slightly in some areas outside of Portland, but homes are still selling fast. Be ready to move quickly when the right one hits the market.
For Sellers:
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More inventory means more competition. Make sure your home is well-prepped and marketed at the highest level.
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In both counties, the right strategy can still lead to multiple offers and favorable terms, but overpricing or poor presentation could leave your home behind.
Looking Ahead: Summer 2025
As we shift into the heart of summer, we’ll be watching closely to see if these trends hold. Will York County continue to outpace Cumberland in price growth? Will buyers respond to the increased inventory or take a wait-and-see approach?
Stay tuned for next month’s market update, and as always, reach out if you’re curious about how these trends impact your specific real estate goals.
