Market Update - 2025.01

MAINE HOME SALES UP 13.28 PERCENT IN JANUARY

AUGUSTA (February 21, 2025)—Sales of single-family homes in Maine rose by double-digits over the past year. According to Maine Listings, Realtors reported 853 properties changed hands in January, an increase of 13.28% over January of 2024. The median sales price (MSP) reached $385,000 in January 2025—an increase of 9.07 percent compared to January 2024. The MSP indicates that half of the homes were sold for more and half sold for less. 

“Strong January numbers show continued, solid buyer interest statewide,” says Jeff Harris, 2025 President of the Maine Association of REALTORS® and Broker affiliated with Harris Real Estate in Farmington. “The 853 January sales are the 7th best in 26 years. 

“We are encouraged that the for-sale inventory is 16 percent higher than a year ago, and buyer demand remains high.” 

The National Association of Realtors reported a 2.2 percent rise in national sales in January, while the MSP for January increased 5.0 percent to $402,000. Regionally, sales in the northeast increased 4.2 percent and the regional MSP was $475,400—up 9.5 percent, comparing January 2025 to January 2024. 

“As the statistics show, home buyers are not deterred by Maine’s winter weather. If selling your home is in your future, now is a great time to work with a REALTOR® and get a step ahead of the spring-uptick of listing activity,” says Harris. 

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of January (2024/2025), statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of November (2023/2024), December (2023/2024) and January (2024/2025).

Maine Real Estate Statistics – January 2025 Housing Report 2/21/2025

Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of REALTORS®, is a statewide Multiple Listing Service with over 6,300 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the system within the time periods indicated. Contacts: Maine Association of REALTORS® President Jeff Harris (Harris Real Estate, Farmington) 207- 491-6001 jeffharris@harrisrealestate.net or Maine Association of REALTORS® President Elect Judy Oberg (Oberg Insurance and Real Estate Agency, Bridgton) 207-838-0059 judy@obergagency.com. For additional contacts: suzanne@mainerealtors.com