Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your [...]
For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows. And that means that the market is balancing out a bit. As a result, some sellers are finding they need to be more flexible to close a deal. One strategy that can help? Offering [...]
If you took your house off the market in late 2024, you’re not the only one. Newsweek reports that data from CoreLogic and the Wall Street Journal (WSJ) says nearly 73,000 homes were pulled from the market in December alone – that's more than any other December going all the way back to 2017 (see graph below):
Let’s connect so you have help every step along the way. Contact one of our Team Members at Cates Real Estate at 207-701-5600 or [...]
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March 20, 2025 - In a press release to the media today, Maine home sales increased 6.51% compared to February 2025 to February 2024. The median sales price was $381,500, a 9.00% increase in that same time period. Knox County saw a 37% rise in number of units on the market from 2024 to 2025, while the median sales price stayed the same at $440,000. While Cumberland County saw a 19.66% increase in number of units sold in the same time period, with a 9.93% change with the median sales price increasing from $513,970 in 2024 to $565,000 in 2025. NAR reports that existing home sales were down and prices up nationally. Home sales and prices were up in the northeast, comparing February 2025 to February 2024.
source: Maine Real Estate Information System, Inc.
FMI contact Cates Real Estate 207-701-5600 | info@catesre.com
#maineassociationofrealtors #pressrelease #propertiessold #mainehousing #realestatestatistics #housingreport
Homeowner’s insurance is necessary to protect your most significant investment – your home. And while you never want to think about worst-case scenarios, the right coverage is your safety net if something goes wrong. Here’s how it helps you.
Based on information gathered from Maine Real Estate Information System, Inc., the median sales price of a single-family home in Maine for Q4 2023 was $395,000, up 9.34% from last year. The number of units sold also went up 7.7% from Q4 2024 vs 2023.
If you are thinking about moving and unsure where to begin, call us today at 207-701-5600 or email us at info@catesre.com.
Evaluating single-family residential sales in the State of Maine from January 1, 2024, through December 31, 2024, most buyers came from within the State of Maine, with 69.27% of all purchases, equating to 9,897 homes sold last year. Ranking second are out-of-state buyers from Massachusetts, 8.71%; New Hampshire, 4.11%; Florida, 2.21%; and New York, 1.41%.
Thinking about "right-sizing" as your current situation is not working for you, or perhaps it's time to move closer to your loved ones, call us today at 207-701-5600 or email us at info@catesre.com.
Fill the Strand with food for the 5th annual community event to support AIO food programs: the Market, the Weekend Meals Program and after school snack program.
Together is better and Together we Can!