A total of 1,582 single-family existing homes were sold during September in Maine, a 5.12% increase from the 1,505 transactions that occurred one year earlier.
According to data from the Maine Association of Realtors, the median sales price during September was $402,500, a 1.35% decrease from the $408,000 price recorded in September 2024.
“As we move through 2025, for many markets in Maine, sellers and buyers are on more equal footing for negotiating their home purchase,” says Jeff Harris, 2025 president of the Maine Association of Realtors and a broker affiliated with Harris Real Estate in Farmington. “We are seeing an increasing number of homes for sale, increasing time-on-market, and pricing concessions which eases the competition that buyers have been facing for the past five years. We’re moving beyond the pandemic frenzy. For the second time in 2025 and only the second time since March 2019, Maine’s median home sale price decreased in a year-over-year comparison.”
Harris noted that the other Northeastern states recorded a combined 4.3% year-over-year increase in home sales and a 4.1% uptick for the median sales price, which reached $500,300.
“With more for-sale options on the market, a sellers’ pricing at listing should reflect today’s market to generate demand,” Harris added. As Maine’s residential real estate markets adjust and balance, buyers have more negotiating leverage.”
