The real estate market in Maine continues to move at a steady pace as we approach the heart of summer. With increasing buyer interest, a steady flow of new listings, and evolving mortgage rates, understanding the current trends can give both buyers and sellers a competitive edge.
A Shift Toward Balance
After a few years of extreme seller dominance, the Maine real estate market is gradually shifting toward a more balanced dynamic. While inventory remains lower than historical average, more homes are coming onto the market compared to last summer. This is giving buyers slightly more breathing room, while still allowing sellers to see strong returns – especially when homes are priced and presented well.
Continued Demand in Desirable Areas
Southern Maine, particularly Cumberland and York counties, continues to see high demand. Towns like Windham, Gorham, and Standish remain hotspots for buyers seeking the ideal blend of convenience and lifestyle. Proximity to Portland, access to lakes and outdoor recreation, and strong school systems make these areas especially attractive to both families and retirees.
Waterfront and seasonal properties in the Lakes Region are also commanding significant attention. Properties on Sebago Lake, Little Sebago, and surrounding waterways are seeing robust showing activity, especially if they’re move-in ready or recently updated.
What’s Driving Buyer Behavior?
While interest rates remain higher than they were during the peak pandemic years, many buyers have adjusted their expectations. The ongoing low inventory of rental properties, combined with Maine’s lifestyle appeal, is motivating people to buy despite higher borrowing costs.
We’re also seeing a continued influx of out-of-state buyers who are relocating for a change of pace, the rise of remote work, or simply the chance to own a slice of Maine. These buyers are often well-qualified and prepared to move quickly when the right home hits the market.
Tips for Today’s Sellers
If you’re thinking of selling, timing is everything. Homes that are priced strategically and marketed effectively are still moving quickly—especially if they’re in move-in condition. Professional staging, photography, and a strong digital presence across platforms like Instagram, Facebook, and Zillow can make a dramatic difference in buyer engagement.
Another important factor? Transparency. Buyers are savvy and are more likely to compete for homes with pre-listing inspections, detailed disclosures, and updated systems. It’s no longer just about location—it’s about value and peace of mind.
Advice for Active Buyers
For buyers, this market still requires speed and preparation. Having a trusted local agent, pre-approval in hand, and a clear understanding of your must-haves will put you in the best position to compete. While we are seeing some price adjustments and more days on the market in certain segments, multiple offer situations are still common – especially for well-priced homes under $500,000.
Being open to slightly expanding your search area or considering homes that may need light cosmetic updates can also help you get into the right home at the right price.
Looking Ahead
The remainder of the summer is expected to remain active. If the interest rates dip even slightly, buyer activity could spike once again. At the same time, homeowners who’ve been on the fence about listing are beginning to enter the market—especially if they’re ready to upsize, downsize, or relocate.
At The Libby Starnes Team, we’re not just watching the market – we’re in it every day. Whether you’re buying your first home, selling your tenth, or simply exploring your options, we’re here to provide expert advice, personalized service, and real results.
For more updates, listings, or to schedule a consultation, visit www.libbystarnesteamhomes.com or follow The Libby Starnes Team on social media. <
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