Coastal Maine Real Estate Market Update: A Look at the August 2025 Numbers

The Scott & Sunny Townsend Team with Keller Williams is your premier source for real estate market information in Maine. 

As summer begins to give way to fall, the real estate market often shows signs of transition. The August 2025 numbers reveal a nuanced and shifting landscape across Southern Maine. While national headlines can offer a broad overview, the key to making a confident move lies in understanding the hyper-local data. Let's dive into the details for the state, the Greater Portland area, and our home base of Scarborough.

Key Takeaways at a Glance:

• Prices Still Climbing (Regionally): The median sales price continued to rise for both the state of Maine (+2.3%) and the Greater Portland area (+3.8%).

• Scarborough Prices Adjust: In contrast, Scarborough's market saw a 7.6% decrease in the median sales price, creating a different environment for buyers and sellers in that specific community.

• Time on Market Varies Greatly: Homes are selling 40% faster in Scarborough than last year , while taking 42.9% longer in the Greater Portland area as a whole, highlighting the importance of hyper-local expertise.

A Deeper Dive into the Data:

The Maine Statewide View: Across Maine, the market shows continued growth in activity. The number of properties sold rose by 9.9% compared to last August , fueled by a 10% increase in new listings. The median sales price saw a modest 2.3% increase to $409,000 , while the months of inventory grew by 27.8%, signaling a slightly more balanced market.

The Greater Portland Perspective: In Cumberland County, the market also saw an increase in sales, with 10.7% more properties sold than last year. The median sales price climbed 3.8% to $620,000. However, with inventory up 22.1% , homes are taking longer to sell, with the median days on market rising to 10.

The Scarborough Story: Our hometown of Scarborough tells a different story. The market here has tightened, with both properties sold (-20%) and new listings (-5%) down from last year. This decrease in activity has been met with a 7.6% adjustment in the median sales price to $762,500. Despite this, well-priced homes are moving very quickly, with median days on market dropping a significant 40% to just 6 days

What This Means for You:

For Sellers: The market is highly specific to your town. While the broader region has more inventory, a desirable community like Scarborough has less competition among sellers. Strategic pricing and presentation are critical to attract motivated buyers and achieve a quick sale, as shown by the fast pace of the Scarborough market.

For Buyers: An increase in inventory across the Greater Portland area means you have more choices and potentially more negotiation leverage than in the recent past. However, be prepared to act quickly in tight markets like Scarborough, where homes are selling faster than last year. Getting pre-approved remains the most important first step.

Your Local Experts

Navigating a market with this many moving parts requires more than just data; it requires insight, experience, and a strategy tailored to you. As your local experts, we live and breathe this information every day. We're here to help you understand what these numbers mean for your family, your investment, and your future.

Whether you're curious about your home's current value or ready to start your search, let's start a conversation.

• For general inquiries, contact the team at scottandsunny@kw.com or (207) 553-1387.
• To find out what your home is worth, use our free tool at https://www.scottandsunny.com/home_value.
• To start your home search, visit https://www.scottandsunny.com/realestateagent/search.

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