What’s Happening in the Eliot, ME Housing Market? – November 21, 2025 Update

Seller’s Perspective

• Low Pending Ratio: The overall pending ratio is 14%, indicating relatively slow buyer activity compared to active inventory. This suggests more competition among sellers and potentially longer marketing times.
• Days on Market: Average DOM for active listings is 66 days, while homes that sold averaged 29 days on market. Well-priced, market-ready homes are moving much faster than the rest.
• Pricing Power: Sellers are achieving an average of 98.3% of their final list price at sale, with little discounting from the final ask. However, the average sale-to-original list price is slightly lower (97.8%), highlighting the importance of pricing accurately from the start.
• Inventory: Months supply stands at 2.9, which is still technically a seller’s market (under 4-5 months), but higher than ultra-competitive conditions. There are 21 active listings and 3 pending, so expect some patience may be required.

Advice: Pricing right and presenting homes well is key. Overpricing leads to longer DOM and eventual discounts. Move-in ready properties in popular price points (<$500k and $1M+) are seeing quicker movement.

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Buyer’s Perspective

• More Choices: Inventory is up compared to high-demand markets, giving buyers more negotiating leverage and options, especially in the mid and upper price ranges.
• Negotiation Room: While homes are selling close to list, the average DOM suggests buyers have more time to make decisions and negotiate, particularly if properties are lingering.
• Segment Trends: The $0-500k and $1M+ segments show higher pending ratios (11% and 40% respectively), so competition is stiffer at these ends. The $500k-$1M range has a 0% pending ratio, indicating slower movement and better negotiation opportunities.
• Value Retention: Sale-to-final list price ratios remain strong, so deep discounts are unlikely unless a property is significantly overpriced or has been on the market for a long time.

Advice: Buyers can afford to be selective and negotiate, especially in the middle price bands. Act quickly on move-in ready, well-priced homes, particularly under $500k and above $1M, where demand is highest.

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Key Takeaway:
The Eliot market is balanced but tilting slightly towards buyers due to increased inventory and moderate pending ratios. Sellers should focus on strategic pricing and presentation, while buyers have more room to negotiate—especially outside the most competitive price brackets.


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