A total of 1,160 homes were sold in Maine during November, a slight decline from the 1,312 homes sold during November 2024.
According to the Maine Association of Realtors, the state reported a median sales price of $399,000 for single-family existing homes sold in November. This marked a 3.64% increase from one year earlier but was also down by 6.34% from the historic high set in October. above November 2024
“We’re seeing the impact of the federal government shutdown in these home sale statistics,” said Jeff Harris, the association’s 2025 president and a broker affiliated with Harris Real Estate in Farmington. “During the 43-day shutdown of October and November, mortgage loans through the Federal Housing Administration, Veterans Administration, and Rural Development were delayed. Mortgage loans needing flood insurance were also stalled. “In addition to the disruption for some mortgage lending approvals, consumer uncertainty during this unsettled time caused a pause in regular real estate activity.”
Harris was more optimistic about the coming year, adding, “We expect a steady rebound for Maine’s residential real estate market into 2026. For-sale inventory is 9% above last year’s levels and buyers are actively searching and ready to invest in their communities through homeownership.”
