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Falmouth Market Update, June 2018

Amy McLeod

Amy is deeply rooted in Maine. She grew up in Aroostook County and has spent the last 20 years settled with her family in Southern Maine...

Amy is deeply rooted in Maine. She grew up in Aroostook County and has spent the last 20 years settled with her family in Southern Maine...

Sep 19 2 minutes read
Summer is in full swing! Prices are up, buyer demand is up and days on the market is way down.  As summer heats up, it is apparent that the Seller's market remains HOT and it is critical to have a good understanding of what that means if you're buying or selling soon. 

Knowing the most important data such as the number of homes sold, average sales prices and days on the market, will better prepare you to buy or sell a home. 

OurJune market report infographic is easy to understand and showcases everything that you need to know about local real estate trends in Falmouth.  If you have any questions or are ready to take action contact us, we are happy to serve you!

What The Data Tells Us

  • We are currently in a Seller's Market. This means that inventory is moving quickly at or above listing price.
  • Average Days On Market (DOM) is currently12, down from 24 in May.  Homes are selling fast!
  • There is low inventory right now - which means it is a great time for sellers to list their homes with a good chance of selling at or above the listing price. 
  • This may not last. The real estate market trends can experience a quick shift.

 What does this mean? Sellers may want to act now to get the most for their home!


LOOKING AHEAD INTO JULY!


Buying Or Selling Soon?

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