Maine saw home sales fall in August after one of the best Julys in recent memory.
Buyers closed deals on 1,542 homes last month, down 10.1% from 1,715 in August 2025, according to the Maine Association of Realtors.
Meanwhile, the median sales price for a Maine home rose 4.3% year over year to $424,550.
That decline came after Maine saw home sale listings exceed 6,200 for the first time since December 2019 and 77 daily home sales in July, making it the eighth best July for home sales since 2000.
Judy Oberg, the president of the Maine Association of Realtors and an associate broker at family-owned Oberg Insurance & Real Estate Agency in Bridgton, on Thursday attributed the August slowdown to a seasonal adjustment and the market settling into a steady state as fall approaches.
“Across Maine, we tend to see motivated and focused sellers and buyers as we move into the cooler months,” Oberg said.
Nationally, home sales fell 1.1% in July, while the median sales price nudged up 1.7% to $434,800, according to the National Association of Realtors.
In the Northeast, sales dropped 2% year over year, but the median sales price jumped 4.3% to $556,900.
On the county level in Maine, the most significant increase in median home prices for the three-month period ending Aug. 31 was in Hancock County, where it rose 18.5% to $572,500, compared with the same time last year. Kennebec (10.6%), Franklin (8.1%), York (7.2%) and Sagadahoc (7.1%) counties also saw notable increases in sale prices for that three-month period. The highest median home price during that period was in Cumberland County, where it reached $621,500, up about 0.9% from the same time a year ago.
The median home price fell most sharply in Piscataquis (9.5%), Knox (5.7%), Washington (2.8%), Aroostook (1.3%) and Lincoln (0.5%) counties for that three-month period. Aroostook had the lowest median home price overall ($175,000).
On the sales front, Somerset County saw the largest sales bump for the three-month period ending Aug. 31, increasing 11.2%. It was followed by Lincoln (7.2%), Hancock (6.9%), Piscataquis (6.6%) and Penobscot (6.5%) counties. Sales fell most sharply in Androscoggin (7.1%), Sagadahoc (4.9%), Knox (3.9%), Franklin (3.1%) and Oxford (0.5%) counties during that period.