Homebuyers in Maine are experiencing a more balanced spring market, thanks to rising inventory and more moderate pricing. According to Maine Listings, Realtors reported 848 single-family existing home sales across the state in March—a 6.19% drop from the same month last year. The median sales price dipped slightly by 0.98% to $376,260, meaning half of the homes sold for more and half for less.

Inventory is on the rise, with nearly 14% more homes on the market in March 2025 compared to a year earlier. As a result, the average time a home stayed on the market increased to 22 days, up from 15 days in March 2024—and significantly higher than the record low of nine days in March 2022. This shift is creating a more manageable pace for buyers in many areas.

With the spring season well underway, now is a great time for sellers to list their homes or properties for sale. As buyer demand persists, sellers can expect competing offers and decreased number of days on the market. Don’t wait! To find out how much your home or property is worth, reach out to our team of professional broker staff today by calling 207-563-1003 or 207-633-4433. We are ready to help you achieve your real estate goals.

Our company continues to excel with a full staff of exceptional local agents. We are proud to remain a leading real estate firm in Lincoln County as we serve buyers and sellers. As of the date of this report, our brokers have assisted 29 families with a total sales volume of $12,230,400. As a locally owned company, Newcastle Realty is committed to supporting our local communities and families. Through our Charitable Giving and Community Outreach committee, a portion of every transaction is invested back into the Lincoln County community. Over the past 30 years, we have donated over $450,000 and hundreds of hours to local organizations. Learn more about our charitable giving at www.mynewcastle.com/about/community-support/.

Most of the year-to-date 2025 property sales locally have occurred in Waldoboro (25), Wiscasset (19), Jefferson (12), Bristol (13), and Boothbay (17). Slightly fewer sales have happened so far in Nobleboro (9), Whitefield (11), Alna (5), Boothbay Harbor (11), Dresden (8), Edgecomb (9), and Newcastle (7). Towns seeing even fewer sales include Westport Island (2), South Bristol (5), Damariscotta (6), Bremen (2), Southport (3), Somerville (3), and Monhegan Island (1).

There are currently 149 single-family homes for sale in Lincoln County (up from 132 in March), with 59 percent of those priced at or above $500,000. The 516 residential sales that have occurred in the last 365 days represent transactions in the range of under $100,000 (3%), $100,000-$249,999 (13%), $250,000-$499,999 (46%), $500,000-$999,999 (29%), and $1 million-plus (10%). Listing inventory remains low—it is a great time to sell and our brokers are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes are 0.8 months (under $100,000), 2.4 months ($100,000-$249,999), 2.4 months ($250,000-$499,999), 5.0 months ($500,000-$999,999), and 6.3 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

* Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/01/2025 through 4/24/2025.