What’s Happening in the Kittery, ME Housing Market? – December 8, 2025 Update

Seller’s Perspective

• Market Activity & Demand: Inventory is tight, with a pending ratio of 22% (8 pending vs. 37 active listings), indicating moderate buyer demand but not an overheated market.
• Pricing Power: Homes are selling very close to their final list price, averaging 97.9% of list. This means well-priced homes are achieving near-asking offers.
• Time on Market: The average days on market (DOM) for sold homes is 54, with a median of 31. Most homes are moving within a month, but some take longer, especially at higher price points.
• Months of Supply: At 3.3 months, inventory favors sellers but is not extreme. This suggests you have leverage, but buyers do have choices.
• Advice: Pricing competitively and ensuring strong presentation will maximize your sale price and minimize time on market.

Buyer’s Perspective

• Negotiation Room: While competition exists, buyers aren’t typically paying over asking—sale-to-list ratios are just under 98%. There’s some room for negotiation, especially on properties that have been on the market longer.
• Inventory: Selection is limited, especially below $1M, so be prepared to act quickly on well-priced listings.
• Pace: Average DOM for active listings is higher (103 days), suggesting some listings are lingering, possibly due to overpricing or condition. Target these for potential value.
• Price Trends: The average closed price over the last 6 months is about $798K, with the majority of activity under $1M.
• Advice: Be prepared to move quickly on desirable properties, but don’t be afraid to negotiate—especially on homes with longer DOM.

Summary:
Kittery is a balanced-to-seller-leaning market. Sellers benefit from low inventory and strong sale-to-list ratios, while buyers can still find opportunities, especially by targeting older listings or negotiating on price.


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