November 2024 York, Maine Real Estate Market Update
The York real estate market remains resilient, with dynamic trends shaping opportunities for both buyers and sellers.
- Active Listings: As of today, there are 50 homes available for buyers in York, Maine, compared to 622 active listings across York County.
- Market Trends: In York, we saw fewer sales compared to November 2023, but sale prices have stayed steady, reflecting strong demand for well-priced homes even in a tight inventory environment.
- Interest Rates: Mortgage rates have risen slightly over the past month, now averaging 6.81% as of November 30th, compared to 6.72% at the end of October. However, rates are still significantly lower than they were a year ago, when the average stood at 7.22%. This highlights the long-term improvement in financing conditions for buyers despite short-term fluctuations.
In the broader York County market, inventory remains higher than in York, offering buyers more options, though York itself continues to attract significant interest for its unique lifestyle and appeal.
Despite the slight uptick in rates this past month, the overall trend of lower rates compared to last year provides an encouraging environment for buyers. Sellers, meanwhile, benefit from strong demand and stable prices, creating a balanced market that presents opportunities for all parties.
If you’re considering buying or selling, let’s connect to explore how these evolving market conditions can work for you! Click here to see all past sold in multiple towns!
All Sold in November 2024, York, ME
