Monthly Home Sales Report for Portland and Southern Maine provided by Maine Home Connection
Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
MHC MHC MHC MHC MHC MHC
Buyers Sellers Stats Maine Blog Home Valuation Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Moving to Maine?
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 Construction Green Homes: 
Guidelines, Builders, Green Homes
Your Homes Value Market Insights:
Current Home Sales Reports & Statistics 
Sold Properties Sold Data:
View All Recent Home Sales History
Left-Marketing Home Marketing:
MHC Imagine More Home Marketing 
   
...Manage Your Account
   
Login Existing Users:
Login with your email address only
Existing Users New Users: 
Simple signup to view   all Maine properties.
Contact Us Contact Us:  
Call or email us with your questions.
   
Newsletter Signup
 
 Updated Bike

Maine Home Sales Statistics

Monthly Updates

Search ... Find ... Love!

Maine Home Connection is the only greater Portland real estate agency updating monthly home sales statistics on a regular basis. Access Reports by town using the links below:

       
  Local Communities    
  Portland
   
  South Portland
   
  Falmouth
   
  Scarborough
   
  Cape Elizabeth
   
  Cumberland
   
  Yarmouth
   
  Freeport
   
  Old Orchard Beach
   
  Harpswell
   
 
Annual Report
2022 YE Sales Results
 

 

April Results

It’s a simple fact - Additional home supply is needed across Maine. Due to higher interest rates, some buyers are being priced out of the current market, and those who could move up are choosing to stay.

 According to the latest sales statistics reported by Maine Listings, home sales decreased 30.5% in April 2023 compared to April 2022. Prices, however, increased 6.2% to a median sales price (MSP) of $367,500. The MSP indicates that half of the homes were sold for more and half sold for less.

The number of Maine homes available for sale in April increased nearly 10% from March, which is encouraging. However, that number is still significantly lower than pre-pandemic levels.  In April 2023, there were just under 2,300 homes on the market statewide compared to 7,100 in April 2019.  Buyers are actively searching, and many are not finding homes that are suitable for their needs and within their budgets due to increased mortgage rates and higher pricing.

Regionally & Nationally 

The National Association of Realtors (NAR) data indicated a national sales decline of 22.4% in April 2023 compared to previous year. The MSP for a single-family home eased 2.1% to $393,300. Regionally, April 2023 sales in the Northeast were down 23.9% in the past year, while the regional MSP increased 2.8% to $422,700 compared to April 2022.

Regionally and nationally the April results reflect the need for supply – both for sale inventory and new construction.  A balanced market is still a long way from happening.

Qualified Buyers Available 

Sales results for April are impacted by the scarce for-sale inventory, recent upward adjustments to mortgage interest rates, and the end of year holiday season in Maine and across the country. If you are thinking of selling, there are qualified buyers who are in the market, despite the higher interest rates.

Interactive Market Report by Town

Market Report Icon
  Get the latest real-time sales and demographic data for local communities in Maine.  Market Reports
 Click Image for Report    

 

 

 



 
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
Home Valuation
Search for Properties Virtual Home Buying Hyper Local Search
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
Casco Bay Islands Maine Rivers 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 Calculator 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