Market Update - 2025.05

MAINE HOME SALES AND VALUES UP IN MAY

AUGUSTA (June 23, 2025)—Sellers and buyers are in the market and housing demand remains steady. According to Maine Listings, comparing May 2025 to May 2024, sales of single-family existing homes rose 3.28 percent with 1,227 sales. Maine’s statewide median sales price (MSP) increased 6.52 percent to $425,000 over that same time. The MSP indicates that half of the homes were sold for more and half sold for less. 

“We’re seeing more homes coming onto the market for sale and that’s a positive for buyers,” says Jeff Harris, 2025 President of the Maine Association of REALTORS® and Broker affiliated with Harris Real Estate in Farmington. “The number of May 2025 sales exceeded the May 2024 sales numbers by 3.3 percent and topped last month’s sales figures by 30 percent. Our statistics indicate that, at the end of May, Maine had 4,422 homes on the market—an increase of 825 from April’s month-end. 

“While the statewide median sales price reached a new historic high of $425,000 in May, eight of Maine’s sixteen counties reported median sold prices below $350,000 and six of those counties had a median sold price below $300,000.” 

The National Association of Realtors today reported a 0.3 percent rise in singlefamily existing home sales nationwide comparing May 2025 to May 2024, and a national MSP increase of 1.3 percent to $427,800. Regionally, sales in the Northeast jumped 4.2 percent, while the regional MSP increased 7.1 percent to $513,300 from May of 2024. 

“Over time, if the inventory of homes on the market grows, we’ll see a moderation of home pricing,” adds Harris. “We’re heading into the peak season for home sales in Maine. Whether buying or selling, contact your local REALTOR® to provide you with expert guidance.” 

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

Maine Real Estate Statistics – MAY 2025 Housing Report 6/23/2025

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