York Real Estate Market Update: Stability in Sales and Faster Market Times
The York real estate market remained steady in February, with sales volume mirroring last year’s numbers and homes selling faster than before.
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Active & Pending Listings:
Currently, there are 28 homes for sale in York, including 6 condos and the remainder being single-family or mobile homes. Meanwhile, 12 properties are pending, showing continued buyer demand. -
Sales Trends & Market Shifts:
In February, 12 homes were sold, the same as in February 2024. While sales volume remained consistent, the time it took to sell those homes has improved significantly. -
Days on Market Declines:
The median days on market dropped to 21.5 days this February, compared to 34.5 days a year ago. This suggests that well-priced homes are selling faster, possibly due to low inventory keeping competition strong. -
Interest Rates:
Mortgage rates continue to ease slightly, with the national average now at 6.95%, down from 7.05% last month and 7.13% at the end of February 2024. This slight decline could encourage more buyers to enter the market in the coming months.
With inventory remaining limited and homes selling more quickly than last year, the York market remains competitive. Sellers can take advantage of quicker sales, while buyers may want to act sooner rather than later as we move into the traditionally busy spring season.
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 February 2025, York, ME
