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Maine Real Estate Market Continues to See Higher Prices as Sales Decline

Maine Real Estate Market Continues to See Higher Prices as Sales Decline

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 home sales prices in Maine increased 2.6 percent to a median sales price (MSP) of $415,000 comparing September 2026 to September 2025. The MSP indicates that half of the homes were sold for more and half sold for less. Realtors across Maine reported a 4.15 percent statewide sales decrease with 1,526 homes sold in September 2026 compared to a year ago.

“The affordability squeeze continues as mortgage interest rates hover at the highest levels in three years,” says Judy Oberg, 2026 President of the Maine Association of REALTORS® , “and we’re seeing more homes on the market and a modest sales volume decline as we move into the fourth quarter.

“Aside from the traditional slowdown from the summer months, increasing inflationary pressure and higher mortgage rates without a comparable downward adjustment in pricing have sidelined some buyers, especially firsttime buyers with no equity from previous home purchases,” adds Oberg.

The National Association of Realtors reported a sales decrease of 1.9 percent for single-family existing homes across the country comparing September 2026 to September 2025. Sales prices rose 1.2 percent to a national MSP of $422,700. Regionally, sales in the Northeast dipped 4.1 percent and the regional MSP increased 4.7 percent to $523,600.

“With more homes for sale, the upside for buyers is that that they have more choices, more time, less competition, and more advantage to negotiate a purchase price that matches the current demand. Whether buying or selling, contract with a local REALTOR® to make the market work for you,” says Oberg.

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of September (2025/2026), statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of July, August and September (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’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.

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