Latest home sales figures for Maine suggest a move towards a more balanced real estate market in the state.

The data released in Maine Listings monthy report for March revealed a year-on-year easing in average sales prices and a drop in the number of properties sold.

Meanwhile, there has been a significant bump in available inventory of homes up for sale. It provides some welcome news for buyers who have seen the whip handle of the market firmly in the hands of sellers for a prelonged period.

According the the Maine Listings report the median sales price (MSP) was down 0.98% last month compared to March of 2024 to stand at $376,260 statewide. The MSP indicates half of homes sold for less and half for more.

The number of sales for the same period also saw a dip down by 6.19% year-on-year.

Going in the other direction is the trend in the number of homes up for sale which was nearly 14% higher than a year ago. Days on market also ticked up from 15 days in March 2024 to 22 days last month.

The National Association of Realtors (NAR) reported a sales price uptick of 2.9% nationally last month to $408,000, while sales eased 2.2% compared to 12 months earlier.

Regionally, sales figures in the Northeast for March 2025 remained unchanged from March a year ago while the MSP jumped 7.7% to $468,000.

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