Episode 4: April 2025 Market Update: Growing Buyer Leverage in Maine Real Estate

In this solo market update, Elise Kiely summarizes trends from Q1 2025 in the real estate market as Q2 of 2025 begins. After years of intense seller leverage, the tide is beginning to turn. Elise shares what “growing buyer leverage” really means, and how both buyers and sellers can take advantage of today’s shifting dynamics.

Nationally, home showings are on the rise, mortgage applications are climbing—even without a major rate drop—and buyers are no longer waiting on the sidelines. Elise provides context on national trends, then zooms in on Maine’s performance: rising inventory, increasing buyer activity, and continued year-over-year price appreciation.

Whether you’re buying, selling, investing, or simply tracking the market, this episode offers insight into navigating the months ahead with confidence and strategy.

Key Takeaways:

• 🏡 Buyers are regaining leverage. Increased inventory and more negotiable terms like inspections and seller occupancy are giving buyers more room to maneuver.
• 📈 Sales and prices are still rising. In Maine, single-family home sales rose 6.5% year-over-year in February 2025, while median prices are up 9%.
• 💡 Life events are driving purchases. Buyers are adjusting to the new normal of interest rates between 6–7% and acting on long-term lifestyle goals.
• 💸 Luxury buyers remain a force. While global volatility affects some high-end markets, Maine’s signature properties still command attention—and action.
• 🏘️ Investors: take note. Opportunities exist in overlooked entry-level homes that can be transformed into valuable long-term rentals.
• 🔍 Success hinges on strategy. Whether buying or selling, working with a knowledgeable, trusted advisor is more important than ever.

Quote of the Episode:

“The longer you wait, the more expensive the property will be. Life doesn’t pause for interest rates.”

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Disclaimer:
This podcast is for informational and entertainment purposes only. It does not constitute legal, investment, or real estate advice, and no advisory relationship is formed through this episode.

Connect with Elise

🌐 Website & Listings: Legacy Properties Sotheby’s International Realty
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Please remember this podcast is for entertainment and educational purposes only and does not create an attorney client or real estate advisor client relationship. Please reach out to me directly if I can assist you in your real estate journey.