Maine Association of Realtors

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. 

Funding disruptions “jeopardize hundreds of thousands of homebuyers, sellers and renters, adding uncertainty to a market already facing affordability and supply challenges,” the association said.

The market is seeing an increasing number of homes for sale, increasing time-on-market and price dips, easing competition buyers have been facing for the past five years.

The Realtor of the Year recipient is chosen from among the 11 nominees of local associations and more than 6,400 Realtors in Maine.