Industry watchers point to a 5-year high in homes available for sale, more choice for buyers and increased competition amongst sellers as evidence that Maine’s real estate market is showing signs of rebalancing.

There were more homes up for sale statewide last month than at any point since October 2020, according to the Maine Association of Realtors.

Latest figures from Maine Listings show that both sales and prices paid were up year-over-year, so while the market appears to be shifting in favour of buyers, it still remains strong for sellers.

Sales of existing single-family homes were up by 9.96% in August when compared to the same month last year. The median sales price (MSP) paid also increased – up by 2.36% to stand at $409,500.

The MSP indicates half of the homes sold for more and half for less.

The National Association of Realtors reported that national sales increased last month by 2.5% compared to August of 2024, with prices up by 1.9%. The MSP nationally is currently $427,800.

Regionally, in the Northeast, sales eased by 2% but the MSP rose by 6.2% to $534,200 in the same time period.

Full press release and county-by-county statistics