By Ruth Summers, Scarborough resident and Associate Broker, Keller Williams Realty

Scarborough’s real estate market remains strong and active with many people looking to make a move to Scarborough or find their next home within one of our budding communities. With low inventory and uncertain mortgage rates, buyers and sellers should work with an agent that understands the market and how to best position the sale of your home or the purchase of your next one. 

Homeowners who are considering selling their home can address a few items to make their home more valuable when it hits the market: clean and declutter, paint, spruce up your curb appeal, or hire a stager.

Buyers who are considering a purchase need to put their best foot forward when ready to buy: start saving, talk to a lender, determine areas of interest, and get searching.

In January 2024, there were nine single-family homes, condos, and townhomes sold in Scarborough. The median price was $755,000, up 29% from January 2023. Most homes were on the market for about 16 days. Ten new homes went up for sale, 38% fewer than last year. In all, the current inventory of homes available for sale in Scarborough would last about 1.6 months. This rate has been fairly steady for the past year.