Facts are stubborn, but statistics are more pliable – Mark Twain
Sales of single-family homes in Maine rose by double-digits over the past year. According to the most recent statistics, a total of 853 properties changed hands in January, an increase of 13.3% over January of 2024. The median sales price (MSP) reached $385,000 in January 2025 – an increase of 9.1% compared to January 2024. The MSP indicates that half of the homes were sold for more and half sold for less. Strong January numbers reflected continued strong buyer interest across the state. The 853 January sales are the 7th best in 26 years. Additionally, for-sale inventory is 16 percent higher than a year ago.
The National Association of Realtors reported a 2.2% in national sales in January, while the MSP for January increased 5.0% to $402,000. Regionally, sales in the northeast increased 4.2% and the regional MSP was $475,400 – up 9.5%, comparing January 2025 to January 2024.
This is just the tip of the iceberg in terms of information we have on the market. To learn more, especially if your are thinking of making a real estate move this year, let’s find time to sit down and review the numbers in greater detail. Knowledge is Power!
As the marketplace shifts, whether you’re selling or buying, communicate with an agent at Maine Home Connection early for the best strategy to navigate the complexities of your transaction. With high interest rates and record level home prices, Maine’s real estate market continues to be challenging. If you are looking to buy or sell in the near future, it is a good idea to consult with one of our professional MHC agents.
Until next time … Imagine More!
