Maine’s home sales slumped in February

By Christopher Burns, Bangor Daily News Staff

Maine saw its home sales slump in February.

Buyers closed deals on 691 homes last month, an 8.8% slide, compared with the 758 sold in February 2025, according to the Maine Association of Realtors.

Meanwhile, the median sales price for a Maine home ticked up about 3.5% to $395,000, compared with $381,750 in February 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 such a slump isn’t unusual for February, which isn’t traditionally a strong month for home sales here.

“We are seeing positive signs which indicate that some markets in Maine are returning to a more even footing for buyers and sellers,” she said, pointing to prices coming down and the 30-year fixed mortgage hitting a 42-month low.

That mirrors national drop in year-over-year home sales, albeit Maine saw sales fall more sharply. Nationally, home sales fell a modest 1.1% in February, while the median sales price nudged up 0.2% to $401,800, according to the National Association of Realtors.

In the Northeast, sales fell 4.1% in February, compared with a year earlier, but the median sales price rose 3.3% to $479,800.

On the county level in Maine, the most significant increase in median home prices for the three-month period ending Feb. 28 was in Piscataquis County, where it rose 29.2% to $237,000, compared with the same time last year. Somerset, Oxford and Androscoggin counties also saw notable increases in sale prices for that three-month period, climbing 22.4%, 8.7% and 7%, respectively. The highest median home price during that period was in Cumberland County, where it reached $560,000, down about 0.9% from the same time a year ago.

The median home price fell most sharply in Washington (12.7%) and Franklin (12.1%) counties for the three-month period. Aroostook had the lowest median home price overall ($150,000), which was down 1.3% from a year earlier.

On the sales front, Franklin County saw the largest sales bump for the three-month period ending Feb. 28, increasing 54.7%. It was followed by Sagadahoc (35.9%) and Somerset (23.9%) counties. Sales fell most sharply during that period in Washington (19.1%), Lincoln (10.9%) and York (6.7%) counties.