By Ruth Summers, Scarborough resident and Associate Broker, Keller Williams Realty
Maine’s real estate market stormed into 2025 with serious momentum – and it’s not slowing down. Unlike other states with seasonal peaks, Maine stays busy all year long – whether it’s slopeside cabins, coastal retreats, or quiet escapes near the New Hampshire or Canadian border.
Here in Scarborough, demand remains strong –and inventory remains low. In April, Scarborough’s single-family home market surged. Compared to April 2024…
- new listings climbed 61%,
- active inventory skyrocketed 83%,
- closed sales rose 17%.
Even with more homes on the market, prices remain strong, with the median sold price per square foot up 2% to $355.
Whether you’re buying or selling, this energized market offers huge opportunity. I’m seeing two types of people right now. Some are still waiting – hoping for a better rate or the perfect home. Others understand that real estate is about timing the now – not the market. Well-priced homes are drawing serious attention from motivated, qualified buyers. Today’s buyers are informed, strategic, and ready to act when the right home hits the market.
“Marry the House, Date the Rate”
This real estate adage is more relevant than ever. It encourages buyers to focus on finding a home they truly love, while being flexible with interest rates that can change. At the end of the day, it’s the monthly payment that truly matters. If you need to move, the time to buy is now! The market is shifting towards a balanced state where buyers and sellers are on more equal footing. Interested in learning more? Let’s grab a coffee and chat about your options!
Ruth
