The Goff Report – Cumberland County, Maine, January 2018

Local Market Update for Cumberland County, Maine

Perhaps the biggest surprise for the market in November-January is that the median days on the market is up 9 days compared to this period a year ago! Based on this statistic alone, one would think that the market might be shifting to a buyer’s market, but if you look one stat up you’ll see that the median sales price was up 11.15%! It’s getting warmer out, the sun is out longer, and the snow should begin to melt any day now (it will eventually, I promise!). As sellers come out of hibernation this spring, time will tell whether we get a repeat of last year’s seller’s market…

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Rolling Quarter Update

Cumberland County, Maine

November 2017 – January 2018

November 2016 – January 2017

% Change Year-Over-Year

Number of Sales




Median Sale Price




Median Days on the Market




Number of New Listings




Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on February 7, 2018, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period November 1, 2016 through January 31, 2017 and November 1, 2017 through January 31, 2018.

Posted on February 12, 2018 at 1:25 PM
Derek Goff | Category: Cumberland County, The Goff Report | Tagged , , , , , , ,

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