The Maine housing market is statistically exactly the same as it was a year ago.
For the second year in a row, 851 single-family homes were sold in March at the same median price of $375,000, according to Maine Listings.
Meanwhile, the trendline shows a slow start to the housing market this year, with 5.5% fewer homes sold in the first three months compared to a year ago.
The housing market is also tight, with the Maine Association of Realtors saying the low sales are a direct result of the state’s low supply of houses.
“The March and rolling quarter statistics reflect the seasonal trends of the Maine real estate market impacted by the constraints of Maine’s housing supply,” said Maine Association of Realtors President Judy Oberg. “For many prospective buyers, housing affordability remains a challenge due to the imbalance of supply and demand of homes for sale.”
But there’s optimism among experts that the housing market will pick up this spring.
“As families time their transitions around the school year and Maine’s snow-free months, we expect to see more homes coming onto the market in April and May,” Oberg said.
There’s also evidence that the market is becoming more affordable in some parts of Main.
“We are seeing signs in some regional markets for pricing improvements for buyers, with seven of Maine’s 16 counties showing first quarter median sold price declines compared to a year ago,” said Oberg.
Franklin and Hancock counties saw the biggest drop in median price for the first quarter of 2026, with sales in Franklin County dropping 14.15% and 7.65% in Hancock County.
Maine’s housing market was a bit stronger for sales in March than the rest of the country and the northeast region, although both the region and the nation saw median price increases.
The National Association of Realtors reported a sales decline of 0.3% nationwide in March over last year. Median home prices across the country rose 1.3% to $412,400. Regionally, sales in the Northeast decreased 12.2 %, and the median sale price increased 5.7% to $494,500, comparing March 2026 to March 2025.
