Real Estate News: Fall 2024

A hot summer for real estate

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

What a summer! The weather was beautiful and the real estate market was as hot as ever! During May, June, and July, Scarborough saw an average sale price of $742,000 with an average of 7 days on the market. As always, Scarborough is the place to live! With less than two months of inventory available, when your house is priced correctly, you will receive an offer! 

Typically, the fall season in real estate is busy, and this year will prove to be the same. With interest rates always top of mind, the right lender can help you find the financing program that fits your situation. 

Source: Maine Association of Realtors and Maine Real Estate Information System Inc.

The National Association of Realtors’ recent settlement has led to several changes that benefit homebuyers and sellers… making your real estate buying and selling experience better than ever!  It is so important to have an open and transparent conversation with your agent as real estate professionals have been educated on all of the nuances and should be able to talk you through all of the details.

Please reach out with any questions.  Our team has contacts throughout the state that can assist you with any projects inside or outside your home!


Dear Neighbor,

The Scarborough real estate scene is always in flux. Amidst the media buzz, it’s crucial to engage with a seasoned professional who comprehends market dynamics and can tailor solutions to your needs. That’s where I come in! These real estate stats merely scratch the surface of today’s market. Let’s connect! I’m always up for a great cup of coffee at one of our local gems. My treat!

Thank you,

Ruth Summers

Continue Reading

Real Estate: April 2026

Real Estate: April 2026

Property values remain strong, with low inventory in desirable neighborhoods

Real Estate: February 2026

Real Estate: February 2026

Inventory rises as market shifts

Real Estate: December 2025

Real Estate: December 2025

Inventory rises as market shifts

Discover more from Scarborough Living Magazine

Subscribe now to keep reading and get access to the full archive.

Continue reading