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April 24, 2025

Maine home sales and prices sag in March

By Laurie Schreiber

The inventory for single-family homes is on the rise this spring, with pricing taking a turn to moderation.

Realtors reported 848 sales in Maine’s 16 counties during March, a decrease of 6.19% compared to a year ago, according to Maine Listings.

The median sales price for those homes eased 0.98% to $376,260.  

“We’re seeing the inventory of homes for sale inch upward, with nearly 14% more homes on the market in March 2025 compared to March of last year,” said Jeff Harris, president of the Maine Association of Realtors and a broker affiliated with Harris Real Estate in Farmington.

“With this increasing inventory, the days on market for available homes last month increased to 22 days, up from 15 days one year ago — and up from the historic low for March of nine days in 2022,” he continued. “For many markets, the pace is becoming more reasonable for buyers.”

Nation, region

The National Association of Realtors reported a sales price uptick of 2.9% nationally last month to $408,000, while sales eased 2.2% compared to March of 2024. 

Sales figures in the Northeast for March 2025 remained unchanged from March a year ago while the median price jumped 7.7% to $468,000.

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