Maine Home Sales and Median Prices Drop in October
Maine's single-family home sales fell 6.58% in October 2026 as rising mortgage interest rates softened buyer demand.
Single-family existing home sales in Maine fell 6.58% in October 2026, with 1,547 units sold compared to the previous year. This represents the third consecutive monthly decline in sales volume. The median sales price also dropped 5.63% to $402,500, a trend that diverges from national and Northeast markets where median prices rose.
Judy Oberg, president of the Maine Association of Realtors, attributed the softening demand to mortgage interest rates, which reached a three-year high of 7.11% for a 30-year fixed-rate mortgage as of November 12. Oberg noted that buyers now have more options and more room to negotiate than they did last year.
Market performance varied significantly by region. Franklin County recorded the largest price increase at 22.4%, while Washington County saw the sharpest decline at 14.5%. Cumberland County maintained the state's highest median prices despite experiencing decreases in both sales volume and price. Yvonne Myers, president of the Greater Portland Board of Realtors, noted that these statistics highlight how the housing market varies from town to town.
