According to Maine Association of Realtors, sales of single-family existing homes increased by 14.63 percent in March, as compared to the number of sales in March 2015, and the statewide median sales price (MSP) was up 7.35 percent, to $182,500. The MSP indicates that half of the homes sold for more and half sold for less.

National figures released by the National Association of Realtors show sales of single-family existing homes increased by 2.6 percent and the national MSP rose 5.8 percent to $224,300 in March. Regional sales in the Northeast are 7.7 percent higher than one year ago, and the regional MSP of $254,100 reflects a 5.8-percent increase.

Ed Gardner, 2016 President of the Maine Association of Realtors, said, “The latest statistics indicate a healthy real estate market statewide this spring, with most counties showing year-over-year improvement in number of sales and increasing values. Conversations around Maine indicate that the market is brisk at all price points, with multiple offer situations a regular occurrence for move-in-ready properties.”

Below are sales statistics for Maine and its 16 counties, leading off with statistics for the month of March only, statewide. The county-by-county list then compares the number of existing, single-family homes sold (units) and the median sales price (MSP) during January, February and March 2016, as compared to the same three months in 2015.

Maine Real Estate Stats, March 2016 Housing Report

MARCH ONLY, State totals — comparing March 2015 to March 2016

# Units # Units % %
Sold 2015 Sold 2016 Change MSP 2015 MSP 2016 Change
STATEWIDE 950 1,089 14.63% $170,000 $182,500 7.35%


ROLLING QUARTER, by County — comparing Jan. 1 through March 31, 2015 with Jan. 1 through March 31, 2016

# Units # Units % %
County Sold 2015 Sold2016 Change MSP 2015 MSP 2016 Change
STATEWIDE 2,465 2,869 16.39% $165,500 $174,500 5.44%
Androscoggin 161 196 21.74% $129,500 $139,000 7.34%
Aroostook 91 80 -12.09% $75,000 $66,250 -11.67%
Cumberland 619 706 14.05% $225,000 $245,000 8.89%
Franklin 54 62 14.81% $110,000 $113,500 3.18%
Hancock 118 113 -4.24% $158,250 $174,000 9.95%
Kennebec 185 209 12.97% $121,000 $134,000 10.74%
Knox 77 88 14.29% $198,500 $200,000 0.76%
Lincoln 73 89 21.92% $179,000 $196,000 9.50%
Oxford 118 133 12.71% $119,950 $123,500 2.96%
Penobscot 249 276 10.84% $128,900 $118,750 -7.87%
Piscataquis 38 45 18.42% $62,750 $59,000 -5.98%
Sagadahoc 63 93 47.62% $183,00 $175,000 -4.37%
Somerset 79 92 16.46% $85,000 $74,000 -12.94%
Waldo 76 69 -9.21% $116,000 $129,000 11.21%
Washington 42 72 71.43% $79,400 $80,500 1.39%
York 422 546 29.38% $208,250 $215,500 3.48%
Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,100 licensees inputting active and sold property listing data.