Local Market Update for York County, Maine

Just a reminder, I recently expanded my typical rolling quarter statistics to show monthly numbers! Click here for the new page featuring interactive line graphs showing monthly statistics for 36 months going back to January 2017.  Below is a snapshot of the new interactive graphs. 

Total Sales increased for the second rolling quarter update in a row with 64 more sales than a year ago! New listings rose by 63 (just one less than the number of sales), which keeps supply and demand relatively static. Median sales price continues to soar like Aaron Gordon in this year's dunk contest (he was robbed!) with an increase of 6.14% compared to a year ago. With little change in supply and demand, and no relief in sight, I expect home values to continue to rise in the near future. Great news for home sellers and homeowners, but not so great news for those on the cusp of home ownership. 

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

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 14, 2020, 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, 2018 through January 31, 2019 and November 1, 2019 through January 31, 2020.

Local Market Update for Cumberland County, Maine

Just a reminder, I recently expanded my typical rolling quarter statistics to show monthly numbers! Click here for the new page featuring interactive line graphs showing monthly statistics for 36 months going back to January 2017.  Below is a snapshot of the new interactive graphs. 

Total Sales increased for the second rolling quarter update in a row with 123 more sales than a year ago! New listings are still down from a year go, which will continue to drive up that median sales price. Speaking of median sales price, values continue to soar like Aaron Gordon in this year's dunk contest (he was robbed!) with an increase of 7.62% compared to a year ago. Demand is on the rise, supply remains low, and we don't seem to have any relief in sight. Great news for home sellers and homeowners, but not so great news for those on the cusp of home ownership. 

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

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 14, 2020, 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, 2018 through January 31, 2019 and November 1, 2019 through January 31, 2020.

Local Market Update for York County, Maine

Just a reminder, I recently expanded my typical rolling quarter statistics to show monthly numbers! Click here for the new page featuring interactive line graphs showing monthly statistics for 36 months going back to January 2017.  Below is a snapshot of the new interactive graphs. 

Now, onto the fourth quarter update! Total Sales increased slightly despite 4.74% less New Listings during this period compared to a year ago. This has further driven up prices (4.26% increase, though not as large as Cumberland County) as supply remains low and we don't seem to have any relief in sight. I constantly field questions about my thoughts on where the market is heading, and I continue to repeat that nothing in the numbers indicate to me that any major slowdown is on the horizon. 2020 is shaping out to be another year of higher real estate values!

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

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 January 14, 2020, 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 of October 1, 2018 through December 31, 2018 and October 1, 2019 through December 31, 2019.

Local Market Update for Cumberland County, Maine

Just a reminder, I recently expanded my typical rolling quarter statistics to show monthly numbers! Click here for the new page featuring interactive line graphs showing monthly statistics for 36 months going back to January 2017.  Below is a snapshot of the new interactive graphs. 

Now, onto the fourth quarter update! Total Sales increased slightly despite 8.62% less New Listings during this period compared to a year ago. This has further driven up prices (6.67% increase!) as supply remains low and we don't seem to have any relief in sight. I constantly field questions about my thoughts on where the market is heading, and I continue to repeat that nothing in the numbers indicate to me that any major slowdown is on the horizon. 2020 is shaping out to be another year of higher real estate values!

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

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 January 14, 2020, 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 October 1, 2018 through December 31, 2018 and October 1, 2019 through December 31, 2019.

Local Market Update for York County, Maine

In October, 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 rolling quarter update! We saw 51 less sales and 51 less new listings this rolling quarter compared to the same period a year ago (odd, but Cumberland County saw the same number difference in these categories as well). Median Sales Price keeps rising and homes are selling quicker as a result of the lack of supply. There is a definite seasonal slowdown contributing to the lack of supply, which is typical for this time of year (as seen here), but there is still no indication that the market as a whole is slowing.  

In addition to the county statistics, I have recently been highlighting towns within the county 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 rolling quarter are:

1. Sanford- Median sales price increase of 27.65%!

2. Waterboro - Median sales price increase of 20.54%!

3. Saco - Median sales price increase of 17.59%!

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

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 December 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 September 1, 2018 through November 30, 2018 and September 1, 2019 through November 30, 2019.

Local Market Update for Cumberland County, Maine

In October, 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 rolling quarter update! We saw 96 less sales and 96 less new listings this rolling quarter compared to the same period a year ago. Median Sales Price keeps rising and homes are selling quicker as a result of the lack of supply. There is a definite seasonal slowdown contributing to the lack of supply, which is typical for this time of year (as seen here), but there is still no indication that the market as a whole is slowing.  

In addition to the county statistics, I have recently been highlighting towns within the county 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 rolling quarter are:

1. Naples- Median sales price increase of 24.03%!

2. South Portland - Median sales price increase of 19.64%!

3. Harpswell- Median sales price increase of 16.35%!

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

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 December 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 September 1, 2018 through November 30, 2018 and September 1, 2019 through November 30, 2019.

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

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.

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

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.

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

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.

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

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.