PORTLAND, ME (February 25, 2025) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announces that sales of single-family homes in Maine rose by double-digits over the past year. According to Maine Listings, Realtors reported 853 properties changed hands in January, an increase of 13.28% over January of 2024. The median sales price (MSP) reached $385,000 in January 2025—an increase of 9.07 percent compared to January 2024. The MSP indicates that half of the homes were sold for more and half sold for less.
“Strong January numbers show continued, solid buyer interest statewide,” says Jeff Harris, 2025 President of the Maine Association of REALTORS® and Broker affiliated with Harris Real Estate in Farmington. “The 853 January sales are the 7th best in 26 years.
“We are encouraged that the for-sale inventory is 16 percent higher than a year ago, and buyer demand remains high.”
The National Association of Realtors reported a 2.2 percent rise in national sales in January, while the MSP for January increased 5.0 percent to $402,000. Regionally, sales in the northeast increased 4.2 percent and the regional MSP was $475,400—up 9.5 percent, comparing January 2025 to January 2024.
“As the statistics show, home buyers are not deterred by Maine’s winter weather. If selling your home is in your future, now is a great time to work with a REALTOR® and get a step ahead of the spring-uptick of listing activity,” says Harris.
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of January (2024/2025), statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of November (2023/2024), December (2023/2024) and January (2024/2025).
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’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)
- 40 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)
