The following captures all sales activity, including transactions through other agencies for Newry, Bethel, Greenwood, Bryant Pond/Woodstock, and Hanover for January 1 through March 31, 2025.
AVERAGE SALES PRICE
$528,650.27
AVERAGE DAYS ON MARKET
75.35
TOTAL CLOSED SALES
38
STATEWIDE STATS
According the Maine Association of REALTORS®:
January 2025: 853 homes sold (+13.28%); median price $385,000 (+9.07%).
February 2025: 753 homes sold (+6.51%); median price $381,500 (+9.0%).
MAR report for March 2025 has yet to be released.
Buyers remain active despite higher prices, signaling strong demand and confidence.
Improved inventory and slightly lower mortgage rates have enhanced purchasing power.
Early-year sales activity suggests buyers are motivated to move quickly—possibly to avoid further rate hikes or price increases.
Sellers are listing more confidently, encouraged by higher prices and robust demand.
Consistent price growth indicates sellers are successfully pricing at or above market expectations.
Prospective buyers are in a better situation than they were a year ago across many markets in Maine. The number of homes for sale has increased, price appreciation is slowing, and the economic forecast is good.
LOCAL INSIGHTS
The average sale price for all segments combined increased over last quarter, while days on market and total sales were down. Compared to winter 2024, both the sale price and days on market were up, while closed sales were down for the region.
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