Maine saw home sales hold steady in March.
Buyers closed deals on 851 homes last month, unchanged from March 2025, according to the Maine Association of Realtors.
Meanwhile, the median sales price for a Maine home also held steady at $375,000, the same for March 2025.
Judy Oberg, the president of the Maine Association of Realtors and an associate broker at family-owned Oberg Insurance & Real Estate Agency in Bridgton, said that prospective buyers remain challenged by the cost of homes on the market.
“However, we are seeing signs in some regional markets for pricing improvements for buyers, with seven of Maine’s 16 counties showing first quarter median sold price declines compared to a year ago,” she said.
Oberg anticipates that home listings will tick up further in April and May as the weather warms.
Nationally, home sales fell a modest 0.3% in March, while the median sales price nudged up 1.3% to $412,400, according to the National Association of Realtors.
In the Northeast, sales fell a sharp 12.2% in March, compared with a year earlier, but the median sales price rose 5.7% to $494,500.
On the county level in Maine, the most significant increase in median home prices for the three-month period ending March 31 was in Piscataquis County, where it rose 21.2% to $247,000, compared with the same time last year. Washington and Somerset counties also saw notable increases in sale prices for that three-month period, climbing 10.1% and 7.8%, respectively. The highest median home price during that period was in Cumberland County, where it reached $560,000, up about 1.8% from the same time a year ago.
The median home price fell most sharply in Franklin (14.2%), Hancock (7.7%) and Waldo (3.6%) counties for the three-month period. Aroostook had the lowest median home price overall ($150,000), which was up 5.2% from a year earlier.
On the sales front, Franklin County saw the largest sales bump for the three-month period ending March 31, increasing 49.1%. It was followed by Oxford (31%) and Sagadahoc (16.4%) counties. Sales fell most sharply during that period in Lincoln (19.1%), Washington (30.1%) and Waldo (21.4%) counties.
