In this analysis, we will explore the sales dynamics in the broader Sunday River area, including a deeper dive into the town-by-town land, condo and home sales below, spanning from April 2024 through June 2024.
According to the July press release from the Maine Association of REALTORS®, the statewide real estate market in June 2024 saw a significant uptick in available single-family homes, offering buyers more choices. According to Maine Listings, the median sales price (MSP) for existing homes rose by 5.45 percent year-over-year to $406,000. Despite a 10.03 percent decrease in home sales compared to June 2023, with 1,291 homes sold statewide, the market shows resilience with a 2.4 percent increase in sales for the first half of 2024 compared to the same period last year. Paul McKee, President of the Maine Association of REALTORS®, noted a sustained improvement in inventory levels, marking a positive trend for prospective buyers. Nationally, the Northeast region experienced a 6.0 percent decline in sales but a robust 9.7 percent increase in MSP, reflecting varied market conditions across the country.
Locally, we are seeing an increase in the median sale price across the region as compared to Winter 2024, and a slight decrease in the median days on market. As the official agency for Sunday River, we are here to help you navigate the dynamic real estate market, meeting the needs of both buyers and sellers. Our experienced team of brokers has the knowledge and expertise to help you achieve your real estate goals. Schedule a consultation with our skilled brokers today to explore how we can support your home buying or selling journey in the Sunday River area.
