Your Maine Real Estate Market Report | May 2025 Stats

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. This May 2025 report shows a market that is both dynamic and full of opportunity. Let's dive into the numbers for the state, the Greater Portland area, and our home base of Scarborough.

Key Takeaways at a Glance:

• 📈 Strong Sales Activity: The number of homes sold surged in both Greater Portland (+13.2%) and especially Scarborough (+71.4%) compared to last year.
• 🏡 Inventory on the Rise: Buyers will be encouraged to see more options, with the months' supply of inventory increasing significantly across the state (+39.1%) and in Cumberland County (+31.6%).
• ⚖️ Price Adjustments: While the statewide median price increased, the Greater Portland area saw prices hold steady, and Scarborough saw a price adjustment, creating potential opportunities for buyers.

A Deeper Dive into the Data:

• The Maine Statewide View: Across Maine, the market shows continued strength. The median sales price rose by 6.5% to $425,000. An influx of new listings (+17.9%) has pushed the months of inventory up by 39.1% to 3.4 months, offering a slightly more balanced environment than last year.
• The Greater Portland Perspective: In Cumberland County, the market shows signs of robust stability. The median sales price held firm at $580,000 with 0% change year-over-year. An increase in properties sold (+13.2%) and new listings (+15.7%) points to a healthy, active market where transactions are happening efficiently, with homes selling in a median of just 6 days.
• The Scarborough Story: Our hometown of Scarborough tells a story of high velocity. The number of homes sold skyrocketed by an incredible 71.4% compared to May of last year. This activity was fueled by a 44% increase in new listings. While the median sales price saw a 9.5% decrease to $725,000, homes sold 14.3% faster than last year, and sellers still received, on average, 100.9% of their asking price. This signals a competitive and fast-paced local environment.

What This Means for You:

• For Sellers: The data is encouraging. Increased sales volume and fast-moving properties (6 days on market in Scarborough and Greater Portland) mean that buyer demand is strong. Even with rising inventory, a well-presented and strategically priced home is positioned to sell quickly. The high list-to-sold price ratios show that buyers are willing to pay for the right property.
• For Buyers: The increase in new listings and overall inventory is welcome news, offering more choices than in the recent past. While the market remains swift, the stabilization of prices in some areas may ease affordability concerns. Getting pre-approved and being ready to act quickly remains the most important strategy for success.

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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