The April 2024 market review for Cumberland County’s single-family residence sector indicates a stable local market with notable dynamics. Despite a slight decrease of .4% in median sales price from the same period as last year, overall pricing remained steady, with a 2.8% increase from last month. Sustained demand, shown by steady closed sales and a 5.3% growth compared to the previous month, suggests a healthy interest in properties.
In April 2024, Cumberland County’s condo market experienced notable shifts compared to the previous month and the same period last year. The median sales price dropped by 17.6% from March 2024, though the decline lessened to 4.1% compared to April 2023. Closed sales dipped by 12.3% from April 2023, possibly reflecting decreased buyer demand.
Click the link to see the full report: April 2024 Market Report
Have additional questions about the Cumberland County real estate market? Contact an expert Maine real estate agent at Town and Shore.
