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Maine Home Sales Statistics

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Maine Home Connection is the only greater Portland real estate agency updating monthly home sales statistics on a regular basis. Access Reports by town using the links below:

       
  Local Communities    
  Portland
   
  South Portland
   
  Falmouth
   
  Scarborough
   
  Cape Elizabeth
   
  Cumberland
   
  Yarmouth
   
  Freeport
   
  Old Orchard Beach
   
  Harpswell
   
 
Annual Report
2019 vs 2018 Sales Results
 

 

December Results

Maine’s residential real estate market fared well during COVID impacted 2020. Statewide single family home sales increase of 9.8% in 2020 vs 2021. Median pricing rose by double digits during the sales year; the statewide median sales price (MSP) reached $255,089 — an increase of 13.3%. The MSP indicates that half of the homes were sold for more and half sold for less.

The Selected Towns report includes sales results in the greater Portland area.  Year-to-date sales in Maine are nearly 10% ahead of prior year, while York and Cumberland increased, but not as much - 3.4% and 1.4% respectively.   Many towns reported lower sales 2019 compared to 2020.  Prices, however, wer by double digits in most communities, ranging from just under 2% to almost 40%. 

One-third of fourth quarter sales involved out of-state buyers, compared to one-fourth during same period in 2019. During the month of December only, sales across the state of Maine were up 31.5% compared to December 2019 and the statewide MSP of $270,00 represented an increase of 15.8% from the previous year,

Regionally and Nationally

Nationally, December 2020 sales of single-family homes jumped 22.8% over December 2019. According to the NAR, prices were also on the rise to end the year, with an increase of 13.5% to a national MSP of $314,300. Sales in the regional Northeast climbed 27.4% and the regional MSP reached $362,100 — an increase of 19% comparing December 2020 to December 2019.

The Absorption Rate tracks how long it takes to sell a home given current inventory levels.

 December 2020 Sales   December 2020 Infograph


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