A growing number of price cuts on homes for sale across Maine signal the state’s housing market is shifting in buyers’ favor after years of benefiting sellers, real estate agents say.

For the last several weeks, the number of homes for sale in Maine has risen to reach pre-pandemic levels for the first time in years, but lagging demand is causing homes to sit on the market for days or weeks.

When this happens, real estate agents will typically use price reductions as a way to jump-start interest, which could lead to showings and offers, said Doug Burpee, an agent at Buckport-based Two Rivers Realty.

While there are still plenty of people looking to buy, especially in southern and coastal Maine, the state’s housing market is showing signs of flipping from a seller’s to a buyer’s market,

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