MAINE
Home Sales Up, Average Price Up
Home sales are up 5.2% year-over-year, with July 2025 at 1,831 compared to 1,741 last July. Sales are up for single and multi-family homes, but down for condos.
- Single families: 1,495 (2024) |1,569 (2025)
- Condominiums: 174 (2024) | 171 (2025)
- Multi-families: 72 (2024) | 91 (2025)
Average sale price increased 1.5% year-over-year, now at $521,478 compared to $513,758 in July 2024. Prices increased for single-family homes, but decreased for condos and multi-family homes.
- Single families: $502,425 (2024) | $524,344 (2025)
- Condominiums: $611,717 (2024) | $517,780 (2025)
- Multi-families: $512,346 (2024) | $479,020 (2025)
Homes Listed For Sale:
The number of homes listed is up by 8.2% when compared to July 2024.
- 2025: 2,749
- 2024: 2,540
- 2023: 2,271
Pending Home Sales:
The number of homes placed under contract is down by 14.7% when compared to July 2024.
- 2025: 1,588
- 2024: 1,861
- 2023: 1,734
Data provided by FlexMLS then compared to the prior year.
What’s Happening in the Market?
- In July 2025, national home sales increased by 2%. Likewise, Massachusetts home sales increased by 5.2%.
- Mortgage News Daily shared that July mortgage rates settled around 6.75%. By mid-August, they had eased to 6.53%—the lowest since October 2024—giving buyers some much-needed relief and added affordability.
- If you expect to sell in the near future, consider taking your home’s exterior photos now while the sunshine and landscaping are at their peak. Having these images ready means your property can shine online, even if you list during the winter months.
- With summer nearly behind us and inventory climbing, Fall is shaping up to be an ideal time to purchase a home. If you’re torn between renewing a lease or making the leap into homeownership, reach out so we can help you evaluate your best move.