2025 Summer Market Report

STATEWIDE STATS

According the Maine Association of REALTORS®:

1. July 2025: 1,570 homes sold (+5.02%); median price $419,950 (+5.25%)
2. August 2025: 1,712 homes sold (+9.96%); median price $409,450 (+2.36%)
3. September 2025: Data not yet released from MAR
4. Inventory: 5,346 homes on market at end of July—up 299 from June and at the highest level since October 2020
5. National Context: U.S. sales up 2.5% in August; Northeast sales eased 2% with median price $534,200 (+6.2%)

Buyer demand remains solid as increased listings continue to expand options across the state.

Inventory growth through the summer marks six consecutive months of gains, giving buyers more negotiating power while keeping prices relatively stable.

The statewide median price has held above $400,000 since spring, reflecting steady market confidence despite seasonal shifts.

Sellers are responding to competitive conditions with strategic pricing adjustments and quicker market engagement in desirable regions.

LOCAL INSIGHTS

Locally, the average sale price for all segments combined increased from the previous quarter, while days on market is relatively flat, and total sales volume rose across the region. Compared to summer 2024, both sale prices and closed transactions are up, indicating continued demand through the late summer market.