Market Update

As we settle into 2025, the real estate scene in Cumberland and York Counties is full of activity. February’s numbers reveal some interesting trends that buyers and sellers will want to keep on their radar.
Cumberland County Real Estate Market: February 2025

• New Listings: 185 (+2.2%) – A modest increase in new listings suggests a steady flow of inventory.
• Median Price: $525,750 (+2.9%) – Home values continue to appreciate, reflecting ongoing demand.
• Sold Listings: 158 (+10.5%) – A significant increase in sales activity demonstrates strong buyer interest.
• Time on Market: 28 days (No change) – The stability in time on market suggests consistent buyer activity.

Cumberland County’s real estate market remains strong, with increasing home values and sales activity. While the number of new listings has slightly increased, demand continues to absorb available inventory, keeping things competitive.
York County Real Estate Market: February 2025

• New Listings: 179 (-6.8%) – A decline in new listings may lead to tightening inventory in the coming months.
• Median Price: $459,450 (-4.7%) – A slight decrease in median price suggests some increased buyer leverage.
• Sold Listings: 122 (+0.8%) – Sales activity remains steady, showing that demand is still present.
• Time on Market: 24 days (-7 days) – Homes are selling faster than last year, indicating that well-priced properties are moving quickly.

York County is experiencing a slight contraction in inventory, which could contribute to a more competitive landscape for buyers in the near future. The drop in median price may present opportunities for those looking to enter the market, while the faster sales cycle indicates continued buyer interest.
Key Takeaways for Buyers and Sellers
For Buyers:

• York County’s declining median price could present new opportunities, but with fewer listings, acting quickly will be key.
• Cumberland County remains competitive, with increasing sales and steady prices, meaning buyers should be prepared to move decisively.

For Sellers:

• Homes in York County are selling faster, suggesting the right pricing strategy can lead to a quicker sale.
• Cumberland County’s rising home prices and strong demand mean sellers can still expect favorable conditions.

Maine’s Market Outlook Moving Forward
March is National Women’s Month, making it the perfect time to celebrate Maine’s recognition as one of the best states for women. A recent WalletHub study ranked Maine the 6th best state for women, thanks to factors like job opportunities, healthcare, and overall quality of life. That’s a big win for anyone thinking about making Maine home!
Read more here: Best & Worst States for Women - WalletHub
With Portland’s rising popularity as a real estate hot spot, out-of-state buyers may continue to fuel demand.
Whether you’re planning to move or just keeping an eye on the market, check back next month for the latest updates!