Area Real Estate News & Market Trends

You’ll find my blog to be a wealth of information, covering everything from local market statistics and home values to buyer and seller tips. Please reach out if you have any questions at all. I’d love to talk with you!

Nov. 15, 2019

The Goff Report – York County, Maine, November 2019 | Real Estate Trends and Statistics

Local Market Update for York County, Maine

Last month I expanded my typical rolling quarter statistics to show monthly numbers! Click here for the new page featuring interactive line graphs showing monthly statistics going back to January 2017.  Below is a snapshot of one of the new interactive graphs. 

Now, onto the quarterly update! Median Sales Price increased yet again from August through October compared to a year ago. This time up 8.45% compared to a year ago, while we saw a 10.13% drop in new listings (122 less homes listed compared to a year ago!). While I expect things to slow seasonally in the coming months, there is no indication that the market as a whole is slowing.  

Last month, I highlighted towns with the largest percentage increase in median sales price. Since some towns are smaller and have fewer sales, I limit this to towns with more than 30 sales during the previous 3 months. The winners for this quarter are:

1. Wells- Median sales price increase of 26.54%!

2. Berwick - Median sales price increase of 24.25%!

3. Sanford - Median sales price increase of 23.57%!

Check out the graphic above and the numbers below for a snapshot of the real estate market in York County. 

Click here for monthly comparisons since 2017.

Rolling Quarter Update

York County, Maine

 

August 2019 -
October 2019

August 2018 - 
October 2018

% Change Year-Over-Year

Number of Sales

957

970

-1.34%

Median Sale Price

$304,750

$281,000

8.45%

Average Days on the Market

47

50

-6%

Number of New Listings

1,082

1,204

-10.13%

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 November 13, 2019, 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 August 1, 2018 through October 31, 2018 and August 1, 2019 through October 31, 2019.

Nov. 15, 2019

The Goff Report – Cumberland County, Maine, November 2019 | Real Estate Trends and Statistics

Local Market Update for Cumberland County, Maine

Last month I expanded my typical rolling quarter statistics to show monthly numbers! Click here for the new page featuring interactive line graphs showing monthly statistics going back to January 2017.  Below is a snapshot of the new interactive graphs. 

Now, onto the quarterly update! Number of sales dropped slightly from a year ago after seeing an increase of 5.58% last month, which was the most dramatic increase we had seen in a couple years. Median Sales Price increased yet again. This time up 8.33% compared to a year ago, while we saw a 5.45% drop in new listings. While I expect things to slow seasonally in the coming months, there is no indication that the market as a whole is slowing.  

Last month, I highlighted towns with the largest percentage increase in median sales price. Since some towns are smaller and have fewer sales, I limit this to towns with more than 30 sales during the previous 3 months. The winners for this quarter are:

1. Harpswell- Median sales price increase of 19.39%!

2. Bridgton - Median sales price increase of 18.97%!

3. Casco - Median sales price increase of 17.54%!

Check out the graphic above and the numbers below for a snapshot of the real estate market in Cumberland County. 

Click here for monthly comparisons since 2017.

Rolling Quarter Update

Cumberland County, Maine

 

August 2019 -
October 2019

August 2018 - 
October 2018

% Change Year-Over-Year

Number of Sales

1,247

1,258

-0.87%

Median Sale Price

$325,000

$300,000

8.33%

Average Days on the Market

34

37

-8.11%

Number of New Listings

1,352

1,430

-1.76%

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 November 13, 2019, 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 August 1, 2018 through October 31, 2018 and August 1, 2019 through October 31, 2019.

Oct. 16, 2019

The Goff Report – York County, Maine, October 2019 | Real Estate Trends and Statistics

Local Market Update for York County, Maine

I'm happy to expand my typical rolling quarter statistics this month! Click here for a new page featuring interactive line graphs showing monthly statistics going back to January 2017. While there is still value in the rolling quarter statistics, I find it useful to view any trends in different formats. I will continue to do "The Goff Report" for the foreseeable future, but look for my stats page to improve over time and to include other counties in Maine.

Now, onto the quarterly update! I'm beginning to sound like a broken record, but Median Sales Price increased yet again, this time up 10.36% compared to a year ago. While we can expect a seasonal slowdown in the coming months, nothing in the numbers seem to indicate the market as a whole is slowing down. 

Last month, I highlighted towns with the largest percentage increase in median sales price for the first time. Since some towns are smaller and have fewer sales, I limit this to towns with more than 30 sales during the previous 3 months. The winners for this quarter are:

1. Berwick - Median sales price increase of 30.43%!

2. Waterboro - Median sales price increase of 18.43%!

3. Saco- Median sales price increase of 18.25%!

Check out the graphic above and the numbers below for a snapshot of the real estate market in York County. 

Click here for monthly comparisons since 2017.

Rolling Quarter Update

York County, Maine

 

July 2019 -
September 2019

July 2018 - 
September 2018

% Change Year-Over-Year

Number of Sales

941

1,012

-7.02%

Median Sale Price

$309,000

$280,000

10.36%

Average Days on the Market

42

48

-12.5%

Number of New Listings

1,186

1,289

-7.99%

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 October 7, 2019, 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 July 1, 2018 through September 30, 2018 and July 1, 2019 through September 30, 2019.

Oct. 16, 2019

The Goff Report – Cumberland County, Maine, October 2019 | Real Estate Trends and Statistics

Local Market Update for Cumberland County, Maine

I'm happy to expand my typical rolling quarter statistics this month! Click here for a new page featuring interactive line graphs showing monthly statistics going back to January 2017. While there is still value in the rolling quarter statistics, I find it useful to view any trends in different formats. I will continue to do "The Goff Report" for the foreseeable future, but look for my stats page to improve over time and to include other counties in Maine.

Now, onto the quarterly update! Number of sales increased 5.58% year-over-year, an increase we haven't seen since I've started running rolling quarter updates back in 2017. What's odd is York County seemed to balance it out with a 7.02% decrease, though the difference was the exact number of sales (71 more in Cumberland County, 71 less in York County). I'm beginning to sound like a broken record, but Median Sales Price increased yet again, this time up 6.45% compared to a year ago. While we can expect a seasonal slowdown in the coming months, nothing in the numbers seem to indicate the market as a whole is slowing down. 

Last month, I highlighted towns with the largest percentage increase in median sales price for the first time. Since some towns are smaller and have fewer sales, I limit this to towns with more than 30 sales during the previous 3 months. The winners for this quarter are:

1. Naples - Median sales price increase of 30.72%!

2. Bridgton - Median sales price increase of 27.12%!

3. Harpswell - Median sales price increase of 27.01%!

Check out the graphic above and the numbers below for a snapshot of the real estate market in Cumberland County. 

Click here for monthly comparisons since 2017.

Rolling Quarter Update

Cumberland County, Maine

 

July 2019 -
September 2019

July 2018 - 
September 2018

% Change Year-Over-Year

Number of Sales

1,334

1,273

5.58%

Median Sale Price

$330,000

$310,000

6.45%

Average Days on the Market

29

34

-14.71%

Number of New Listings

1,561

1,589

-1.76%

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 October 7, 2019, 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 July 1, 2018 through September 30, 2018 and July 1, 2019 through September 30, 2019.

Sept. 13, 2019

The Goff Report – York County, Maine, September 2019 | Real Estate Trends and Statistics

Local Market Update for York County, Maine

 

The real estate market remains strong in York County despite widespread reporting of economic concern. Median Sales Price continues to rise (7.11% year-over-year increase!), new inventory available continues to decline, and homes are selling quicker than a year ago. The two statistics that may give some readers pause is the Number of New Listings and the Number of Sales, both of which continue to decline. This is causing sales prices to increase as there is more demand than supply, and it hasn't seemed to change much over the summer months. At some point one would assume there will be a tipping point, but it doesn't look like we've hit that point yet.

As a new feature, I'd like to highlight the towns with the largest percentage increase in median sales price. Since some towns are smaller and have fewer sales, I'll limit this to towns with more than 30 sales during the previous 3 months. The winners for this rolling quarter are:

1. Berwick- 38 sales with a median sales price increase of 31.49%!

2. Kittery- 38 sales with a median sales price increase of 22.43%!

3. Waterboro - 56 sales with a median sales price increase of 16.73%!

Check out the graphic above and the numbers below for a snapshot of the real estate market in York County. 

Rolling Quarter Update

York County, Maine

 

June 2019 -
August 2019

June 2018 - 
August 2018

% Change Year-Over-Year

Number of Sales

980

1,055

-7.11%

Median Sale Price

$299,900

$280,000

7.11%

Average Days on the Market

41

51

-19.61%

Number of New Listings

1,339

1,443

-7.21%

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 August 12, 2019, 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 June  1, 2018 through August 31,  2018 and June 1, 2019 through August 31, 2019.

Sept. 13, 2019

The Goff Report – Cumberland County, Maine, September 2019 | Real Estate Trends and Statistics

Local Market Update for Cumberland County, Maine

 

The real estate market remains strong in Cumberland County with no signs of slowing down, despite widespread reporting of economic concern. Median Sales Price continues to rise (7.14% year-over-year increase!), new inventory available continues to remain mostly flat, and homes are selling quicker than a year ago. 

As a new feature, I'd like to highlight the towns with the largest percentage increase in median sales price. Since some towns are smaller and have fewer sales, I'll limit this to towns with more than 30 sales during the previous 3 months. The winners for this rolling quarter are:

1. Bridgton - Median sales price increase of 35%!

2. Raymond - Median sales price increase of 22.31%!

3. Cumberland - Median sales price increase of 22.22%!

Check out the graphic above and the numbers below for a snapshot of the real estate market in Cumberland County. 

Rolling Quarter Update

Cumberland County, Maine

 

June 2019 -
August 2019

June 2018 - 
August 2018

% Change Year-Over-Year

Number of Sales

1397

1370

1.97%

Median Sale Price

$337,500

$315,000

7.14%

Average Days on the Market

29

33

-12.12%

Number of New Listings

1,742

1,750

-0.46%

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 September 9, 2019, 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 June 1, 2018 through August 31, 2018 and June 1, 2019 through August 31, 2019.

Aug. 14, 2019

The Goff Report – York County, Maine, August 2019 | Real Estate Trends and Statistics

Local Market Update for York County, Maine

 

The Number of New Listings continue to decline in rolling quarter numbers compared to a year ago, contributing to the increase in Median Sales Price (7.15% increase!) in York County. Inventory remains low, and we haven't seen an increase in new listings since the December-February 2019 rolling quarter update. Sellers continue to be cautious about listing their homes because there are limited options to move. I don't see any indication of this changing in the near future as buyers entering into multiple offer situations is still common place at price points under $300,000. 

Check out the graphic above and the numbers below for a snapshot of the real estate market in York County. 

Rolling Quarter Update

York County, Maine

 

May 2019 -
July 2019

May 2018 - 
July 2018

% Change Year-Over-Year

Number of Sales

934

942

-0.85%

Median Sale Price

$299,900

$279,900

7.15%

Average Days on the Market

45

52

-13.46%

Number of New Listings

1,466

1,524

-3.81%

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 August 12, 2019, 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 May  1, 2018 through July 31,  2018 and May 1, 2019 through July 31, 2019.

Aug. 14, 2019

The Goff Report – Cumberland County, Maine, August 2019 | Real Estate Trends and Statistics

Local Market Update for Cumberland County, Maine

 

The Number of New Listings continue to decline in rolling quarter numbers compared to a year ago, contributing to the increase in Median Sales Price (7.16% increase!) in Cumberland County. Inventory remains low, and we haven't seen an increase in new listings since the January-March 2019 rolling quarter update. Sellers continue to be cautious about listing their homes because there are limited options to move. I don't see any indication of this changing in the near future as buyers entering into multiple offer situations is still common place at price points under $300,000. 

Check out the graphic above and the numbers below for a snapshot of the real estate market in Cumberland County. 

Rolling Quarter Update

Cumberland County, Maine

 

May 2019 -
July 2019

May 2018 - 
July 2018

% Change Year-Over-Year

Number of Sales

1275

1269

0.47%

Median Sale Price

$342,900

$320,000

7.16%

Average Days on the Market

30

38

-21.05%

Number of New Listings

1,932

1,952

-1.02%

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 August 12, 2019, 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 May  1, 2018 through July 31,  2018 and May 1, 2019 through July 31, 2019.

July 16, 2019

The Goff Report – York County, Maine, July 2019 | Real Estate Trends and Statistics

Local Market Update for York County, Maine

 

The first quarter of 2019 saw the median sales price dip 0.43% year-over-year, but the second quarter rebounded like Dennis Rodman on the '92 Pistons! Median sales price in York County saw an increase of 5.64% for the second quarter! Not a bad turnaround considering news outlets were screaming the sky was falling back in April. New listings and continue to decline, which is great for sellers, but it doesn't bode well for buyers still out there battling for homes.

Check out the graphic above and the numbers below for a snapshot of the real estate market in York County. 

Second Quarter Update

York County, Maine

 

April 2019 -
June 2019

April 2018 - 
June 2018

% Change Year-Over-Year

Number of Sales

857

799

7.26%

Median Sale Price

$295,700

$279,900

5.64%

Average Days on the Market

63

52

21.15%

Number of New Listings

1,415

1,512

-4.03%

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 June 7, 2019, 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 April 1, 2018 through June 30, 2018 and April 1, 2019 through June 30, 2019.

July 16, 2019

The Goff Report – Cumberland County, Maine, July 2019 | Real Estate Trends and Statistics

Local Market Update for Cumberland County, Maine

 

The first quarter of 2019 saw the median sales price dip 2.34% year-over-year, and the second quarter rebounded like Dennis Rodman on the '92 Pistons (18.7 rebounds per game!)! Median sales price in Cumberland County saw an increase of 8.55% for the second quarter! Not a bad turnaround considering news outlets were screaming "the sky is falling" back in April. New listings and number of sales continue to drop, which is great for sellers, but it doesn't bode well for buyers still out there battling for homes.

Check out the graphic above and the numbers below for a snapshot of the real estate market in Cumberland County. 

Second Quarter Update

Cumberland County, Maine

 

April 2019 -
June 2019

April 2018 - 
June 2018

% Change Year-Over-Year

Number of Sales

1073

1126

-4.71%

Median Sale Price

$337,000

$310,450

8.55%

Average Days on the Market

37

45

-17.78%

Number of New Listings

1,846

1,881

-1.86%

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 June 7, 2019, 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 April 1, 2018 through June 30, 2018 and April 1, 2019 through June 30, 2019.