March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in Maine for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in Maine where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in Maine the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In Maine, the hottest-selling market is Franklin County, where the MarketPulse Score is 97 and the median sales price comes in at $325,000 with 26 homes sold.
On the flip side, Aroostook County sits at the bottom of the market with a MarketPulse Score of 83 with 31 homes sold.
Hottest Markets in Maine
1. Franklin County. MarketPulse Score of 97
2. Androscoggin County. MarketPulse Score of 95
3. Lincoln County. MarketPulse Score of 94
4. York County. MarketPulse Score of 92
5. Somerset County. MarketPulse Score of 89
For more information about the Maine market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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