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

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

While national headlines often paint a broad picture of the real estate market, the truth is always local. For homeowners and aspiring buyers in Southern Maine, understanding the hyper-local data is the key to making informed and confident decisions. The July 2025 numbers show a market in transition, with rising inventory in some areas and persistent competition in others. Let's dive into the numbers for the state, the Greater Portland area, and our home base of Scarborough.

Key Takeaways at a Glance:

• Statewide Prices Climb: The median sales price for the state of Maine continued to rise, up 5.3% from last year.

• Local Prices Adjust: In contrast, both Greater Portland (-2.2%) and Scarborough (-3.4%) saw slight decreases in their median sales prices, potentially offering new opportunities for buyers.

• Inventory Varies Widely: While the state and county saw inventory levels rise, desirable towns like Scarborough saw a 21.7% decrease, highlighting the importance of hyper-local knowledge.

A Deeper Dive into the Data:

The Maine Statewide View: Across Maine, the market shows steady growth. The median sales price rose to $420,000, a 5.3% increase from last July. An 18.3% increase in new listings has pushed the months of inventory up by 29.8%, providing a more balanced market for buyers across the state.

The Greater Portland Perspective: In Cumberland County, sales activity remains strong with a 15% increase in properties sold. However, the median sales price saw a slight 2.2% adjustment down to $605,000. With a 16.2% increase in new listings, buyers in the region have more choices than last year, though homes are still selling in a median of just 7 days.

The Scarborough Story: Our hometown of Scarborough tells a story of a competitive, low-inventory market. While the number of homes sold increased by 9.5%, new listings were down 8.3% and the total months of inventory dropped by 21.7%. This high demand is reflected in the 102.3% list-to-sold price ratio, even as the median price adjusted slightly to $710,000.

What This Means for You:

For Sellers: The market is nuanced. While prices have adjusted slightly in some towns, demand in desirable areas like Scarborough remains very high due to low inventory. A well-presented and strategically priced home is positioned to sell quickly and for a strong value.

For Buyers: The increase in new listings at the state and county level provides more options and potentially more negotiating power than in recent months. However, be prepared for competition in high-demand towns with shrinking inventory. Getting pre-approved is the most critical first step to a successful search.

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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