Your Maine Real Estate Market Report | March 2025 Stats

The Scott & Sunny Townsend Team with Keller Williams is your premier source for real estate market information in Maine. 

Maine's Real Estate Market: Analysis of March 2025 Trends

The real estate market in Maine exhibited a transition towards a more balanced spring environment during March 2025. Data indicates an increase in available inventory alongside a moderation in pricing.

Key Findings:

• A total of 848 single-family existing homes were sold across Maine's 16 counties in March, representing a 6.19% decrease compared to the corresponding period in 2023.
• The median sales price (MSP) for these transactions registered at $376,260, reflecting a marginal decrease of 0.98 percent from March 2024.
• Nationally, the National Association of Realtors reported a 2.2 percent decrease in sales for March 2025 compared to the same month in the previous year, with the national median sales price (MSP) increasing by 2.9 percent to $408,000.
• In the Northeast region, sales figures for March 2025 remained consistent with those of March 2024, while the regional MSP demonstrated a notable 7.7 percent increase to $468,000.

Factors Influencing Market Dynamics:

According to the President of the Maine Association of REALTORS®:

• The inventory of homes available for sale has shown an upward trend, with an approximate 14 percent increase in March 2025 compared to the same month in the prior year.
• The median days on market for available properties extended to 22 days in the past month, an increase from 15 days in March 2024, and a notable rise from the historical low of nine days recorded in March 2022.
• Current market conditions suggest a more equitable environment for prospective buyers in numerous localities.

Local Market Overview - March 2025

State of Maine: Median Sales Price: $376,261 (1% increase year-over-year), Median Days on Market: 22 (47% increase year-over-year), List to Sales Price Ratio: 97.9% (1.3% decrease year-over-year), Months of Inventory: 3.4 (47% increase year-over-year).

Cumberland County: Median Sales Price: $548,500 (1.1% increase year-over-year), Median Days on Market: 10 (68% increase year-over-year), List to Sales Price Ratio: 99.8% (3.2% decrease year-over-year), Months of Inventory: 1.9 (67% increase year-over-year).

Town of Scarborough: Median Sales Price: $803,500 (14% increase year-over-year), Median Days on Market: 13 (213% increase year-over-year), List to Sales Price Ratio: 101.3% (3.2% decrease year-over-year), Months of Inventory: 1.2 (105% increase year-over-year).

Implications for Buyers and Sellers:

The observed market trends present distinct considerations for both buyers and sellers. The augmentation of inventory may afford buyers a wider selection of properties and potentially a less competitive environment. For sellers, a strategic approach to pricing and property presentation remains paramount to achieving optimal outcomes.

What Does This Mean for You?

Whether you're considering buying or selling a home in 2025, understanding the market dynamics is crucial.

Are you interested in learning more about...
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The Scott & Sunny Townsend Team is here to help you navigate the market and achieve your real estate goals. Contact us today to learn more!