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

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

While national headlines continue to fluctuate, the story of real estate is always best told locally. For homeowners and buyers in Southern Maine, the key to a confident decision lies in understanding the hyper-local data that shapes our communities. The June 2025 numbers reveal a market with persistent price growth and strong sales activity, though inventory tells a more complex story. Let's dive into the details for the state, Greater Portland, and our home base of Scarborough.

📈 Prices Continue to Climb: The median sales price saw significant year-over-year increases across the board, most notably in Scarborough (+13.5%) and Greater Portland (+6.8%). 🏡 Inventory Tells a Mixed Story: While inventory is up significantly for the state and county, it has decreased in key towns like Scarborough, creating different market dynamics depending on location. ⚡ Strong Sales Activity: The number of homes sold continues to outpace last year, with Scarborough seeing a massive 75% increase in transactions.

A Deeper Dive into the Data:

• The Maine Statewide View: Across Maine, the market shows sustained momentum. The median sales price rose 4.9% to $425,000, and properties sold increased by 10.4%. A significant 18.3% increase in new listings has pushed the months of inventory up by 35%, offering buyers more selection than last year.

• The Greater Portland Perspective: In Cumberland County, the market remains robust. The median sales price climbed a healthy 6.8% to $625,000. A 26.9% surge in new listings fueled an 11.9% increase in sales, though homes are selling in a median of 6 days.

• The Scarborough Story: Our hometown of Scarborough is experiencing a unique and competitive market. While the number of homes sold skyrocketed by 75% and the median price jumped 13.5% to an impressive $797,500, the number of new listings actually decreased by 24.3%. This combination of high sales volume and shrinking inventory signals intense buyer demand in this desirable coastal town.

What This Means for You:

• For Sellers: Strong price appreciation and high buyer demand create a favorable environment. In towns like Scarborough and Portland, low inventory gives well-presented homes a distinct advantage. Even with market-wide increases in time on market, properties are still moving quickly, making strategic pricing essential.

• For Buyers: The increase in new listings at the state and county level provides more options than in recent years. However, be prepared for competition in high-demand towns. Rising prices mean that getting pre-approved and understanding your budget is more critical than ever.

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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