Summary
The statewide median sales price for those sales was $381,500.
A total of 753 home sales were closed in Maine last month, a 6.51% increase from the 707 sales transacted in February 2024.
According to data from the Main Association of Realtors, the statewide median sales price for those sales was $381,500, a 9% jump from the $350,000 price recorded one year earlier.
“Maine’s real estate industry showed continued improvement in February,” says Jeff Harris, the organization’s 2025 president and Broker affiliated with Harris Real Estate in Farmington. “For-sale listings are up 14% and sales are up 6.51% over a year ago February. The 753 sales reflect the nineth best month since the year 2000. We’re seeing an increased number of homes on the market statewide, mortgage rates have ticked downward, and in some markets, price growth has moderated, increasing the purchasing power of buyers.”
In comparison with the wider region, sales in the Northeast were up 4.2% in February while the regional median sales price of $464,300 marked an increase of 10.4% over the previous year.
Photo: Jimmy Emerson, DVM / Flickr Creative Commons
