PORTLAND, ME (March 20, 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 February home sales in Maine have increased, with higher sales, prices, and more homes available. According to Maine Listings, sales of single-family existing homes increased 6.51 percent in February 2025 compared to February 2024. Realtors reported that 753 homes closed across the state, and the median sales price (MSP) for those sales reached $381,500—a rise of 9.0 percent. The MSP indicates that half of the homes were sold for more and half sold for less.
“Maine’s real estate industry showed continued improvement in February,” says Jeff Harris, 2025 President of the Maine Association of REALTORS® and Broker affiliated with Harris Real Estate in Farmington. “For-sale listings are up 14 percent and sales are up 6.51 percent over a year ago February. The 753 sales reflect the 9th best month since the year 2000.
“We’re seeing an increased number of homes on the market statewide, mortgage rates have ticked downward, and in some markets, price growth has moderated, increasing the purchasing power of buyers.” The National Association of Realtors reported a 0.3 percent decrease in sales in February 2025 compared to February 2024. Home prices increased 3.7 percent to a national MSP of $402,500. Regionally, sales in the Northeast were up 4.2 percent in February, while the regional MSP of $464,300 indicates an increase of 10.4 percent over February of a year ago.
“Whether you’re on the selling or buying side, select a REALTOR® with a strong presence in the area you’d like to live to achieve your best negotiating position and success. The spring market is presenting excellent opportunity,” says Harris.
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of February (2024/2025), statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of December (2023/2024), January (2024/2025) and February (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)
