Issue link: https://nebusinessmedia.uberflip.com/i/1533972
W W W. M A I N E B I Z . B I Z 13 A P R I L 7 , 2 0 2 5 F O C U S R E A L E S TAT E / C O N S T R U C T I O N / E N G I N E E R I N G Dentons Welcomes Partner Andrew Clearwater Leading privacy and AI lawyer joins the world's largest global law firm. dentons.com Local. National. Global. Wherever you need us. © 2025 Dentons. Dentons is a global legal practice providing client services worldwide through its member firms and affiliates. Please see dentons.com for Legal Notices. S O U R C E : Maine Real Estate Information System, Inc. (d/b/a Maine Listings). UNITS SOLD AND MEDIAN SALES PRICE PERCENT CHANGE, 12/1/24—2/28/25 A t the MEREDA outlook conference this winter, a residential broker made a point of saying there's has been no "COVID crash." In other words, higher home prices — ushered in by the pandemic surge of newcomers in Maine — are here for the foreseeable future. "Luxury buyers are driving the market. Cash and high-end buyers are driving all the markets," Elise Kiely, a broker at Legacy Properties Sotheby's International Realty, said at the MEREDA conference. The most recent data from the Maine Association of Realtors backs that up. Maine's median sales price was $381,500 in February, the most recent month for which figures are available. That's down from last summer's peak, when the median price cracked the $400,000 level for the first time ever. But Maine's median sales price is up 6.5% from a year ago, outpacing the national gain of 3.7%. Maine's median home price is gaining on the national MSP, which was $402,500 in February. Somerset Androscoggin Washington Franklin Sagadahoc Oxford Piscataquis Kennebec Lincoln York Aroostook Cumberland Penobscot Hancock Knox Waldo Units sold Median sales price 0% –10% 10% 20% –20% 30% 40% 60% 50% STATEWIDE 2024–25 TOTAL UNITS: 2,795 (+12. 2 0 %) MEDIAN PRICE: $393,000 (+11. 97 %)