Published March 26, 2025
Your Maine Real Estate Market Report | February 2025 Stats
The Scott & Sunny Townsend Team with Keller Williams is your premier Real Estate Market Information source in Maine.
Maine's real estate market showed continued improvement in February 2025. Sales, prices, and available homes all saw increases compared to the previous year, indicating a positive trend in the market. Here's a look at the latest data from the Maine Association of REALTORS®:
Key Takeaways
Sales Volume: 753 single-family existing homes were sold in February 2025, a 6.51% increase compared to February 2024.
Prices Climb: The median sales price (MSP) for those sales reached $381,500—a rise of 9.0 percent over February 2024.
National Trends: The National Association of Realtors reported a 0.3 percent decrease in sales in February 2025 compared to February 2024. Home prices increased 3.7 percent to a national MSP of $402,500. Regionally, sales in the Northeast were up 4.2 percent in February, while the regional MSP of $464,300 indicates an increase of 10.4 percent over February of a year ago.
What's Influencing the Market?
Several factors are contributing to the current market:
Increased Inventory: For-sale listings are up 14 percent over a year ago February.
Buyer Activity: The 753 sales reflect the 9th best month since the year 2000.
Mortgage Rates: In some markets, price growth has moderated, increasing the purchasing power of buyers.
What Does This Mean for You?
Whether you're considering buying or selling a home in 2025, understanding the market dynamics is crucial.
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