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Maine home prices finally fell last month, but don’t celebrate yet

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Maine home prices finally fell last month, but don’t celebrate yet


After six years of relentless increases, Maine home sale prices finally decreased last month. It’s a welcome change of course after 72 straight months of year-over-year rises and real estate agents say there are signs of a more balanced market ahead. But others caution that one month of good news does not mean the crisis is over.

Maine home buyers paid a median of $376,260 in March, just shy of a 1% dip compared to the same time last year, according to data released Thursday by the Maine Association of Realtors. The median is the price at which half of the homes sold for more and half sold for less.

Home sale prices have been steadily decreasing each month since December’s median of $400,000. But the last year-over-year decrease was in March 2019, when prices fell 0.94% to $200,000.

Meanwhile, 848 houses changed hands last month — a more than 12% increase over the prior month but a roughly 6% drop from March 2024.

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January, February and March are typically the state’s quietest months for home buying and selling.

But the busy spring market is ramping up, and according to Jeff Harris, president of the Maine Association of Realtors, it could finally spell good news for buyers.

“We’re seeing the inventory of homes for sale inch upward with nearly 14% more homes on the market in March 2025 compared to March of last year,” he said in a prepared statement.

The increased inventory also means that sales are slowing down, with the average Maine home staying on the market for 22 days, up from 15 days last March. Last year, during the warmer months, homes spent less than a week on the market.

“For many markets, the pace is becoming more reasonable for buyers,” said Harris, who is also a broker with Harris Real Estate in Farmington.

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But it’s not a buyer’s market yet. Statewide, there is a 3.6-month supply of unsold inventory, Harris said in an interview. A balanced market is a six-month supply.

“There’s so many buyers out there looking for something more affordable,” he said.

NOT YET A TREND

Paul McKee, the Maine association’s immediate past president, said he’s glad to see prices decrease but cautioned against jumping to conclusions.

“We need things to slow down price-wise. That’s good,” he said. “But there’s always an anomaly somewhere. Until you get a couple of months of this, it’s still one snapshot. … I’m glad to see it but I wouldn’t call it a trend.”

In a month with fewer than 1,000 sales, it doesn’t take much to skew the numbers, he said. For example, there could have been an $8 million sale last year that didn’t happen this year, thus dropping the average.

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Michael Sosnowski, co-owner of Maine Home Connection, stressed that while prices have been decreasing, there’s no sign of a market crash.

“It’s more of a stabilization,” he said. “There’s been this phenomenon of price increase fatigue. Where we were was unsustainable.”

While houses may be sitting on the market for longer, on average, competition is still hot, particularly for houses priced below $500,000 in southern Maine.

Sosnowski said a property listed for around $350,000 in Gray recently had about 30 offers.

“Under $500,000, there’s not much different than there was a year ago,” he said. “There’s just not enough properties that are affordable.”

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PRICES UP NATIONALLY, REGIONALLY

Maine’s slight price drop bucked national and regional trends.

Nationally, prices increased about 3% to a median sale price of $408,000, according to the National Association of Realtors. Sales, however, fell just over 2%

Regionally, sales were flat in the Northeast, but prices jumped more than 7% to a median of $468,000.

Lawrence Yun, chief economist for the national association, said March’s sluggish sales were a reflection of high mortgage rates and ongoing affordability challenges.

Interest rates have hovered around 7% for the last year or so. Thursday, the average rate for a 30-year loan was 6.81%, according to mortgage buyer Freddie Mac.

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“Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society,” Yun said.

SALES, PRICES A MIXED BAG

The Maine Association of Realtors also looks at three months of data in county-by-county comparisons to get a larger sample size of sale transactions.

The median price increased just over 5% to $382,353 between Jan. 1 and March 31 compared to the same three-month span the year before.

Cumberland County held its spot as Maine’s most expensive county with a median sale price of $550,000. York County was the second-most expensive, with a median sale price of $495,000. Cumberland County saw prices increase by about 3% from the year before, but similar to the statewide trend, York recorded its first decrease — 0.80% — since the three-month span between January and March 2019.

Aroostook County remained the state’s most affordable county, with a median sale price of $143,550. Washington County, with a median of $199,900, was the only other county with a sale price below $200,000.

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Prices increased the most in Hancock County, which saw a 15.6% increase, while they had the steepest drop — about 14% — in Piscataquis County.

Sales were flat in Washington County, but they increased a whopping 81.6% in Waldo County, with 49 sales between January and March last year and 89 over the same period this year.

Androscoggin’s 21% drop in sales was the sharpest in the state.



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Rangeley Heritage Trust creates Friends of Western Maine Dark Sky

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Rangeley Heritage Trust creates Friends of Western Maine Dark Sky


The ‘Friends of Western Maine Dark Sky’ group meets March 3 at the Rangeley Lakes Heritage Trust office in Rangeley. They discussed the formation of the group as well as the process for designating the town as a dark sky community. (Quentin Blais/Staff Writer)

Looking up at the night sky in northern and rural Maine, it is a sight to behold, almost unique in today’s lit-up world. The Rangeley region is one of the last areas in the Northeast largely untouched by light pollution.

It is also a draw for many tourists and stargazers who come to the region for the clear view of the night sky.

A new group called Friends of the Western Maine Dark Sky hopes that by limiting the amount of light pollution, those views will be preserved for generations to come.

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The group gathered at the Rangeley Lakes Heritage Trust on March 3 to talk about ways to educate the community on the importance of dark skies to the region.

One of their primary efforts is to try to designate Rangeley as an official Dark Sky community.

The designation will require a few steps. First, an application will be submitted to DarkSky International expressing an interest. Then, the town of Rangeley will need to adopt a new lighting ordinance at the June town meeting.

A new state law taking effect in October will require publicly funded outdoor lighting across the state to be dimmed at night to protect wildlife and dark skies. This includes using warm, yellow-toned bulbs, dimming or turning off nonessential lights and shielding lights so they don’t shine upward into the sky.

The town ordinance would create guidelines similar to the state laws on the kinds of lights used in town, as well as restrict some signs, such as LED message boards. Existing boards would be allowed to remain in place.

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“The fact that the existing signage is grandfathered in perhaps bodes well for getting an approval of the town meeting,” said Linda Dexter, Dark Sky community certification coordinator at the Rangeley Lakes Heritage Trust, who is leading the effort. “It’s going to impact businesses in the town … right out of the gate, folks will tend to not vote for it.”

Even if an ordinance passes, change would likely be slow. Most of the group’s efforts will be on community education, such as informing seasonal residents to turn off the lights at their camps while they are gone for the winter. Also, the application may not be approved for up to six months after it is submitted, Dexter said.



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This Classic New England-Style Cottage in Maine Has 200 Feet of Atlantic Ocean Frontage

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This Classic New England-Style Cottage in Maine Has 200 Feet of Atlantic Ocean Frontage


A waterfront home with open ocean views on the coast of Maine came to market Tuesday asking $4 million. 

Built in 1978, the three-bedroom cottage is at the southern point of Cape Elizabeth, less than 10 miles from downtown Portland. The 1.1-acre property on Sunny Bank Road features 200 feet of south-facing water frontage on the wide open Atlantic. 

It is bordered by a rocky sea wall that’s about 28 feet high, according to listing agent Sam Michaud Legacy Properties Sotheby’s International Realty

“The views are like a Monet painting,” he said via email. “The water sparkles and the waves are endless.”

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The 3,364-square-foot home was built in classic New England style, with shingle siding, a single sloped roofline and large windows—complemented by white-washed walls, exposed-beam ceilings and wide-plank flooring on the interiors. 

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The main common area features cathedral ceilings with a step-down between the living and dining room, and a partial wall divides the dining room from the kitchen. There is also a wood-paneled family room off the kitchen, a gym and a covered porch. 

The sellers purchased the property in 2010 for $1.562 million, according to property records accessed through PropertyShark. They could not immediately be reached for comment. 

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“I have received quite a few inquiries since hitting the market two days ago,” Michaud said. “Buyers understand that this is a golden opportunity to own over an acre with 200 feet of bold oceanfront in Cape Elizabeth.”

MORE: Iranian Strikes on Dubai Put the City’s Roaring Real Estate Market to the Test

There are currently just seven three-bedroom homes available for sale in Cape Elizabeth and fewer than five waterfront properties, according to Sotheby’s and Zillow data. It is also the most expensive listing in the town, with another waterfront property on a tiny lot just south of Portland coming in a close second, according to Zillow. 

Michaud sold the former Cape Elizabeth home of Bette Davis this past summer for $13.4 million, the priciest sale on the cape in at least a decade—and even those views can’t compare. They’re “just magical,” he said. 



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NECEC conservation plan will not protect Maine’s mature forests | Opinion

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NECEC conservation plan will not protect Maine’s mature forests | Opinion


Robert Bryan is a licensed forester from Harpswell and author or co-author of numerous publications on managing forests for wildlife. Paul Larrivee is a licensed forester from New Gloucester who manages both private and public lands, and a former Maine Forest Service forester.

In November 2025, the Department of Environmental Protection (DEP) approved a conservation plan and forest management plan as mitigation for impacts from the NECEC transmission corridor that runs from the Quebec border 53 miles to central Maine.

As professional foresters, we were astonished by the lack of scientific credibility in the definition of “mature forest habitat” that was approved by DEP, and the business-as-usual commercial forestry proposed for over 80% of the conservation area.

The DEP’s approval requires NECEC to establish and protect 50,000 acres to be managed for mature-forest wildlife species and wildlife travel corridors along riparian areas and between mature forest habitats. The conservation plan will establish an area adjacent to the new transmission corridor to be protected under a conservation easement held by the state. Under this plan, 50% of the area will be managed as mature forest habitat.

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Under the forest management plan, a typical even-aged stand will qualify as “mature forest habitat” once 50 feet tall, which is only about 50 years old. These stands will lack large trees that provide wildlife denning and nesting sites, multiple vegetation layers that mature-forest birds use for nesting and feeding habitats and large decaying trees and downed logs that provide habitat for insects, fungi and small mammals, which in turn benefit larger predators.

Another major concern is that contrary to the earlier DEP order, the final approval allows standard sustainable forestry operations on the 84% of the forest located outside the stream buffers and special habitats. These stands may be harvested as soon as they achieve the “mature forest habitat” definition, as long as 50% of the conserved land is maintained as “mature.”

After the mature forest goal is reached, clearcutting or other heavy harvesting could occur on thousands of acres every 10 years. Because the landowner — Weyerhaeuser — owns several hundred thousand acres in the vicinity, any reductions in harvesting within the conservation area can simply be offset by cutting more heavily nearby. As a result, the net
mature-forest benefit of the conservation area will be close to zero.

Third, because some mature stands will be cut before the 50% mature forest goal is reached, it will take 40 years — longer than necessary — to reach the goal.

In the near future the Board of Environmental Protection (BEP) will consider an appeal from environmental organizations of the plan approval. To ensure that ecologically mature forest develops in a manner that meets the intent of the DEP/BEP orders, several things need to change.

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First and most important, to ensure that characteristics of mature forest habitat have time to develop it is critical that the definition include clear requirements for the minimum number of large-diameter (hence more mature) trees, adjusted by forest type. At least half the stocking of an area of mature forest habitat should be in trees at least 10 inches in diameter, and at least 20% of stands beyond the riparian buffers should have half the stocking in trees greater than or equal to 16 inches in diameter.

Current research as well as guidelines for defining ecologically mature forests, such as those in Maine Audubon’s Forestry for Maine Birds, should be followed.

Second, limits should be placed on the size and distribution of clearcut or “shelterwood” harvest patches so that even-aged harvests are similar in size to those created by typical natural forest disturbance patterns. These changes will help ensure that the mature-forest block and connectivity requirements of the orders are met.

Third, because the forest impacts have already occurred, no cutting should be allowed in the few stands that meet or exceed the DEP-approved definition — which needs to be revised as described above — until the 50% or greater mature-forest goal is reached.

If allowed to stand, the definitions and management described in the forest management plan would set a terrible precedent for conserving mature forests in Maine. The BEP should uphold the appeal and establish standards for truly mature forest habitat.

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