Legacy Properties Sotheby’s International announces that, despite a traditionally slower sales season for Maine’s single-family existing homes, home prices increased 3.47 percent to a median sales price (MSP) of $395,000 in February. The MSP indicates that half of the homes were sold for more and half sold for less. According to Maine Listings, Realtors sold 691 homes across Maine in February, a decrease of 8.84 percent compared to a year ago.
“Historically, February is the low point for annual home sales volume,” says Judy Oberg, 2026 President of the Maine Association of REALTORS®. “The statistics indicate that fewer Maine households listed their homes for sale and fewer buyers went under contract during the 2025 holiday season and year-end.
“We are seeing positive signs which indicate that some markets in Maine are returning to a more even footing for buyers and sellers. The data implicates that buyers and sellers are negotiating since the ‘median sold price’ statewide, and for more than half of Maine’s counties, has decreased during the rolling quarter compared to a year ago.”
The National Association of Realtors released statistics, which show single-family existing home values, nationally, increased 0.2 percent to $401,800 comparing February 2026 to February 2025. Sales eased 1.1 percent. Regionally, the MSP in the Northeast increased 3.3 percent to $479,800, while sales were down 4.1 percent in February compared to the prior year.
“The spring market is shaping up nicely,” adds Oberg. “More homes are coming onto the market, pricing in many areas is stabilizing, and 30-year fixed mortgage rates are at their lowest in 42 months, since September 2022.
“Consult with your Realtor to navigate specific market conditions where your property is located to achieve your best results.”
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of February (2025/2026), statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of December (2024/2025), January (2025/2026) and February (2025/2026).
Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and [email protected]. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, is Maine and New Hampshire’s leading luxury and lifestyle property company with six offices and more than 100 agents serving Maine and New Hampshire’s coastal, lake, and mountain communities.
Offices Located at:
- 2 City Center, Portland, ME 04101 // 207.780.8900 (Greater Portland)
- 150 Port Road, Kennebunk, ME 04043 // 207.967.0934 (Southern Maine and Seacoast New Hampshire)
- 141 Maine Street, Brunswick, ME 04011 // 207.729.2820 (Mid Coast Maine)
- 170 Main Street, Damariscotta 04543 // 207.563.2775 (Boothbay Harbor, Damariscotta and Bristol Regions)
- 46 Bay View Street, Camden, ME 04843 // 207.230.1003 (Camden, Rockport, and Knox and Waldo County)
- 6 Neighborhood Road, Northeast Harbor, ME 04662 // 207.780.8900 (Mount Desert Island, Hancock and Washington County)
