Market Update For November, 2025

The chill of autumn definitely settled in during October, but the Maine housing market decided to heat things up again! After seeing inventory tick up slightly in September, last month brought a surprise: a significant drop in Months of Inventory, particularly in Cumberland County.

We're seeing more homes sold and an aggressive return to lower inventory levels, which means that while the market is moving, competition is once again fierce as we close out the year.

Just a quick reminder on our key metric, which gives us a deeper look into market balance:

This number measures how long it would take to sell all currently listed homes if no new listings came on the market.

• Less than 4 months = Seller’s market (demand outweighs supply)

• 4 to 6 months = Balanced market

• More than 6 months = Buyer’s market (more supply than demand)

Let’s see how the numbers looked for October in each county:

Cumberland County made a sharp return to aggressive seller-market conditions in October. While September saw inventory ease to 2.3 months of inventory, October’s robust sales figures pulled it back down below the 2-month threshold, signifying strong demand.

• New Listings: 387 (+12.2% year over year)

• Median Sales Price: $620,000 (+10.8% YoY)

• Homes Sold: 363 (+7.1% YoY)

• Median Days on Market: 14 days (+4 days YoY)

• Months of Inventory: 1.9 months (down from 2.3 in September, but up 22.8% YoY)

Takeaway: Cumberland County is heating up again. The strong year-over-year median price appreciation (over 10%) is the story here. Buyers are active, but a 12.2% increase in new listings could slow things down. Remember, sales data typically lags New Listings by 30 to 60 days. 

York County’s market behavior was particularly interesting in October, showing a classic sign of market stabilization and selective buying. While sales volume jumped significantly, the median price remained flat year-over-year.

• New Listings: 314 (+5.7% year over year)

• Median Sales Price: $545,000 (-0.4% YoY)

• Homes Sold: 275 (+16.0% YoY)

• Median Days on Market: 12 days (-2 days YoY)

• Months of Inventory: 2.4 months (down from 2.8 in September but up 17.3% YoY)

Takeaway: More homes sold in October compared to last year, and they sold slightly faster. However, the median price actually ticked down slightly year-over-year. This suggests that while overall demand is high, buyers are only moving rapidly on homes that are priced accurately and competitively. The market here is still a seller's market, but we are already seeing prices adjusting to meet buyer expectations.

For Sellers:

The market remains in your favor, especially in Cumberland County where Months of Inventory have dipped back below two months. Even in York County, where pricing is showing signs of stabilizing, homes priced appropriately are selling in under two weeks. Presentation and pricing accuracy are your most critical levers.

For Buyers:

Competition tightened up in October. You must be prepared to act fast and decisively. The silver lining is in York County, where the median price decline suggests you may have more room to negotiate if a property has been on the market for a couple of weeks, but you must be ready to move quickly on new listings.

Thinking of Buying or Selling in Maine?

Understanding whether your specific town or neighborhood is following the county trend is vital.

Reach out today for a personalized market analysis or to discuss how these October trends affect your goals.