Maine Association of Realtors

“Though market conditions do vary by region across our state, we continue to see high demand and low for-sale inventory in some markets," said the president of the Maine Association of Realtors.

According to Maine Listings, 1,206 single-family existing homes were sold in May and the median sales price was unchanged compared to last year at $425,000.

Cumberland and York counties continued to be Maine's most expensive markets, with median prices of $590,000 (up 5.36%) and $500,000 (up 4.38%), respectively.

For many prospective buyers, housing affordability is a challenge due to the imbalance of supply and demand of homes for sale.

“We are seeing positive signs which indicate that some markets in Maine are returning to a more even footing for buyers and sellers,” said the president of the Maine Association of Realtors

The median price for homes sold in Maine in January was $389,000, on par with the $386,000 recorded in January 2025.

Maine's median sales price was $405,000, up 3.85%, and only slightly less than the national rate of $409,500, which was unchanged.

The new president also serves as a director for the National Association of Realtors. In 2024, Maine’s real estate industry accounted for or 19.5% of Maine’s gross state product.

With delays in processing mortgage loans through federal agencies, home sales were down nearly 12% in November.

After indications in the past several months that home sales were cooling off, the October numbers point to it once again being a sellers' market.