Maine Real Estate | 2019 Home and Condo Sales Results and Reports
Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
MHC MHC MHC MHC MHC MHC
Buyers Sellers Stats Maine Blog Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Relocation Services
Featured Listings
Home Finance & Mortgage
Retirement in Maine
Real Estate Investing
Featured Properties
Enter a keyword to search the site

Features & Services
  
Your Home's Value
My Home's Value:
Receive a Report of  Your Home's Value 
New ConstructionGreen Homes: 
Guidelines, Builders, Green Homes
Your Homes ValueMarket Insights:
Current Home Sales Reports & Statistics 
Sold PropertiesSold Data:
View All Recent Home Sales History
Left-MarketingHome Marketing:
Maximum Exposure© Home Marketing 
  
...Manage Your Account
  
Login
Existing Users:
Login with your email address only
Existing UsersNew Users: 
Simple signup to view   all Maine properties.
Contact Us
Contact Us:  
Call or email us with your questions.
  
Newsletter Signup
 

Maine Real Estate Report

Home Sales Statistics & Results -  2019

For the fifth consecutive year, Maine home sales set a record in 2019 as 18,335 single family homes were sold, representing an increase of 1.7% over 2018 when total volume was 18,022.

As a point of comparison, sales in 2015 were 15,871. Homes sales have increased for eight consecutive years and have been up annually each year except two since the historic low of 9,782 in 2008 – at which time they had declined an unprecedented 19% from the year before.

While single family sales continued to grow statewide in 2019, they appear to be plateauing with increases of less than 2% for the last 3 years.

While the 17-18 season saw sales in York County increase and Cumberland County decrease, this past year these numbers flipped. York county saw a 1% decrease and Cumberland saw a 0.4% increase. Again, these percentage changes are minimal, factoring into the consistent sales numbers the last few years. s.

Median Pricing

The YTD (Year-to-Date) median single-family price of $225,000 represented a 4.6% increase over 2018.  Overall, pricing was up in 13 of Maine’s 16 counties, and remained consistent in one. Piscataquis had the highest percent increase in median pricing, jumping 14.2% from $107,500 to $122,750. While Kennebec took the hardest hit, falling 26.2% from $162,500 down to $120,000...

Condos

Condos sold represented 9.7% of the residential market, compared to 9.8% in 2018. The median price of a condo increased from $236,000 in 2018 to $248,000 in 2019, representing an increase of 5%. Overall, the number of units sold increased 9.7%, reflecting a total of 2102 in 2019.  

The three largest markets for condos were Portland (387), Old Orchard Beach (147) and Wells (164).  Portland pricing decreased by just 3.9%, while both Wells and Old Orchard’s pricing increased. In fact, Old Orchard had the highest market jump in pricing at 37.5%. In most local towns the percentage of condos sold is a small part of the overall sales mix, resulting in wide fluctuations in median prices on relatively small volumes

 

Single Family Sales: Selected Counties

 
  2019
  2018
  % Change

Selected CountiesUnitsPrice
  Units Price  Units  Price
          
All Maine18,335
$225,000
 18,022 $2215000 1.7
 4.7
          
Cumberland4,137$325,000
 4,120$307,850 0.4
5.6
York 
3,154$295,000 3,186$280,000 (1.0) 5.4
Sagadahoc 
482$245,000 502
$228,500 (4.0) 7.2
Androscoggin1,187$175,000 1,119165,000  (0.3) 6.1
Lincoln 
597$229,000 
 559$228,000  6.8 0.4
Knox 
571$236,500 619$245,000 (7.8) (3.5)
Kennebec 
1,614$120,000 1,573$162,500 2.6 (26.2)
          
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 


Waterfront Real Estate

Waterfront properties of all kinds are an important part of Maine real estate – whether as a permanent residence or a vacation home.  Sales of waterfront properties increased from 3,253 in 2018 to 3,274 in 2019.  The median price also increased from $265,000 in 2018 to $275,000 in 2019, the second year in a row that reversed a previous trend of declines in this market segment. This group of properties were on the market for 52 days.

The sales of lakefront properties also increased in 2019 as 1,197 1,111 properties were sold statewide, reflecting a 7.7% increase.  The median price, however, increased more significantly from $250,000 in 2018 to $270,000 reflecting an 8% hike. In Maine, lakefront homes range from small camps to large estates, and pricing can vary considerably.    

Inventory

During the course of 2019 the inventory of homes available across Maine declined, as it has for the last several years.  Active listings fell by 11% from December 2018 to 2019, reaching a low point of 6,673.  The lack of inventory was most acute in the price segment of $200,000 to $350,000 in southern Maine (York and Cumberland counties).

The lack of inventory is also evident in the Months of Inventory calculation (also known as Absorption Rate).  The Absorption Rate is a measure of home long a home would last on the market at the current rate of sales. During 2019 the time to sell a home dropped from 6.65 months in December 2018 to 4.41 months as of yearend.

  
 Maine Single Family: Listings vs Inventory
 Detailed Market Updates
 Maine Inventory vs Listings
    
 Footer-Bird Portland
 Footer-Bird South Portland
 Footer-Bird Falmouth
 Footer-Bird Cape Elizabeth
 Footer-Bird Scarborough
 Footer-Bird Cumberland
 Footer-Bird  Yarmouth
 Footer-Bird Old Orchard Beach
 Footer-Bird Freeport
 Footer-Bird
 Harpswell

 Download a Complete Report at: Year End 2019 Maine Sales Report
Maine Sales History
YearUnitsPrice
   
2019
18,335
$225,000
201818,002$215,000
201717,810
$200,000
201617,641
$189,000
201515,868
$180,000
201414,250$175,000
201313,191
$175,000
201211,608$170,000
20119,967$165,000
201010,292$169,000
200910,593$164,000
200809,782$180,000
200712,140$194,000
200613,539$193,000
200514,592$191,150
   

2019 Market Review

Market Report 2019

Average Days on Market
Residential

Maine AVG DOM


List Price Disount
Residential

Maine Listing Disount


2019 Market Report
Download Results
Download Market Report Year End Infogrpahic
Cumberland County

Cumberland County Infographic


 

 

 

 



 
Buying Your Home Heart and Mind Buyer Agency
Exclusive Services Agency Relationships Title Insurance
Home Buying Process Advice and Strategy
Affect of the Economy Determining A Price First Time Buyers Viewing Homes Second Homes Home Search Strategy Waterfront Real Estate
Common Forms
Selling Your Home Your Home's Value Home Marketing
Digital Photography High Definition Video Property Storyboard Virtual Staging Internet Marketing
Pricing Factors Advice and Strategy
Counteroffers Establishing a Price Listing Agreements Feng Shui Principles Considering Repairs Value of Improvement Choosing A Realtor Common Mistakes
Home Selling Process
Stats
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties Hyper Local Search Preset Local Searches
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Freeport Harpswell
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Open House
Local Lifestyle Videos
Home Valuation
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands Waterfront - FAQ's
Relocation Services Relocation Package Maine Counties Quality of Life Education and Schools Art and Culture Property Tax Rates Common Relocation FAQs Moving Long Distance
Mortgage Center Mortgage Types Credit Scoring Fee & Closing Costs Mortgage FAQs
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value