Latest home sales data has revealed the real estate market in Maine has bucked the cooling Fall temperatures with sales and prices heating up.
The most recent report from Maine Listings indicated a 10.73% increase in sales last month compared to October 2025.
Prices are also up. The median sales price (MSP) statewide is now $426,000. That’s up 7.85% on the same month last year and now stands at the highest number ever.
The MSP indicates that half of the homes sold for more and half sold for less.
In the meantime, the number of homes for sale, which had been increasing in recent months, has slowed. Active homes on the market last month exceeded the number for sale in October 2024 but dropped 7.6% when compared to the previous month. This was the first decrease in inventory since February.
Traditionally, the winter months do see a seasonal fall in the number of properties available for sale.
Industry watchers have suggested that the increased competition among sellers was evidence of advances towards a more balanced market between sellers and buyers.
Projections for 2026 suggest further interest rate cuts, and predicted favorable market conditions signal a likely uplift in sales over the current year.
Nationally,sales of existing single-family homes rose by 1.9% in October compared to 12months ago according to the National Association of Realtors (NAR). The MSP wasalso up by 2.2% to $420,600.
The Regional Northeast experienced an increase in both sales, up by 4.3%, and the MSP, which jumped 6.5% to stand at $503,700.
