What’s Happening in the Eliot, ME Housing Market? – January 28, 2026 Update

Seller’s Perspective

• Low Inventory, Balanced Demand: Months of supply is at 1.7, indicating a low-inventory market that still favors sellers, but not as fiercely as ultra-low (sub-1) levels.
• Strong Sale-to-List Performance: On average, homes are selling at 96.3% of final list price. Sellers are getting close to what they ask, but aggressive over-asking scenarios are less common now.
• Days on Market: The average days on market for active listings is 71, but sold listings averaged 35 days—suggesting well-priced homes are moving quickly.
• Pending Ratio: The pending-to-active ratio is 9%, showing moderate buyer activity relative to available inventory.
• Advice: Price competitively—homes that are priced right are selling swiftly and near the asking price. Overpricing may result in extended market time.

Buyer’s Perspective

• More Choices, But Still Competitive: While inventory is still tight, it’s not as constrained as in some recent periods. Buyers may see slightly more selection, but should be prepared to act efficiently.
• Negotiation Leverage: With homes selling at 96.3% of final list price, there is some room for negotiation, though not significant. Lowball offers are unlikely to succeed.
• Speed Matters: The average home sells in about 5 weeks; motivated buyers should have financing ready and be prepared to move quickly on desirable properties.
• Advice: Identify target properties early and be ready to make strong, clean offers. Flexibility on closing dates or terms can help stand out in a market where sellers still have an edge.

Summary Insight

Eliot’s market remains healthy, with low inventory and steady demand. Sellers benefit from quick sales and strong prices, while buyers need to be proactive but may find slightly more negotiating room than in peak seller’s markets.

Let me know if you’d like a deeper dive into specific price ranges or property types!

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