Sales of single-family homes in Maine have risen by double-digits since this time last year. Statistics shared by Maine Listings report 853 properties changing ownership in January 2025, an increase of 13.28 percent over January 2024. The median sales price increased 9.07 percent over the same period, reaching $385,000. The MSP indicates that half of the homes were sold for more and half sold for less.

With for-sale inventory being 16 percent higher than a year ago, the increase in residential listings combined with continued buyer demand has given the Maine real estate some much needed momentum. The 853 transactions that occurred last month allowed January to finish with the 7th highest number of sales for that month in 26 years.

As we prepare to welcome spring in Maine,now is a great time for sellers to list their homes or properties for sale. With continued buyer demand, 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 26 families with a total sales volume of $11,330,400. 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 2024 property sales locally have occurred in Waldoboro (9), Wiscasset (7), Whitefield (6), and Nobleboro (6).  Slightly fewer sales have happened so far in Boothbay (5), Jefferson (5), Bristol (5), Damariscotta (2), Boothbay Harbor (4), South Bristol (2), Dresden (2), Alna (2), and Newcastle (2). Towns seeing even fewer sales include Westport Island (1), Bremen (1), Southport (1), Edgecomb (0), Somerville (0), and Monhegan Island (0).

There are currently 127 single-family homes for sale in Lincoln County, with 51 percent of those priced at or above $500,000. The 488 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 super 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 2.6 months (under $100,000), 3.6 months ($100,000-$249,999), 2.2 months ($250,000-$499,999), 3.5 months ($500,000-$999,999), and 6.2 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.