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Maine saw home sales ease in May even as the state saw a surge in properties on the market.
Buyers closed deals on 1,206 homes last month, down 2.8% from 1,241 in May 2025, according to the Maine Association of Realtors.
Meanwhile, the median sales price for a Maine home remained flat year over year at $425,000.
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 Tuesday that Maine is seeing a “spring surge,” with a 26% jump in the number of homes on the market last month over April.
“Increased for-sale inventory brings better balance to the market for buyers, and 30-year mortgage interest rates are lower than they were a year ago,” Oberg said in a statement.
Nationally, home sales rose a modest 3.3% in May, while the median sales price nudged up 1.3% to $434,300, according to the National Association of Realtors.
In the Northeast, sales dropped 8% in May, compared with a year earlier, but the median sales price rose 4.2% to $534,900.
On the county level in Maine, the most significant increase in median home prices for the three-month period ending May 31 was in Franklin County, where it rose 12.5% to $325,000, compared with the same time last year. Washington and Oxford counties also saw notable increases in sale prices for that three-month period, climbing 11.1% and 10.9%, respectively. The highest median home price during that period was in Cumberland County, where it reached $600,000, up about 4.6% from the same time a year ago.
The median home price fell most sharply in Waldo (11.9%), Sagadahoc (9%) and Knox (8.9%) counties for that three-month period. Aroostook had the lowest median home price overall ($165,000), which was unchanged from a year earlier.
On the sales front, Oxford County saw the largest sales bump for the three-month period ending May 31, increasing 23.7%. It was followed by Androscoggin (16.8%), Aroostook (14.6%) and Kennebec (14.5%) counties. Sales fell most sharply during that period in Waldo (33.3%), Sagadahoc (29.1%), Lincoln (25.3%) and Somerset (18.7%) counties.