Home prices and sales were up last month, but increasing numbers of properties for sale may have a cooling effect on all-time high property values going forward.That’s the conclusion of Maine Listings’ latest release on the state’s real estate market.

Themedian sales price (MSP) for single-family homes in Maine rose by 6.52% in May compared to the same time last year. The MSP now stands at a new historic high of $425,000 – the MSP indicates half of homes sold for more an half for less.

Saleswere also up last month compared to May 2024 by 3.28%.

The release also revealed a sharp increase in the number of homes for sale last month, prompting industry commentators to point to a growing inventory that is likely to lead to a moderation in home pricing.

House-hunters will welcome the news that Maine had 4,422 properties on the market at the end of May – an increase of 825 over April’s month-end. A significant upswing in what’s available to buy in a long-time under-supplied marketplace.

The National Association of Realtors (NAR) reported a more modest rise in home sale of 0.3% year over year, from May 2025 to May 2024, with a national MSP of $427,800. That represents an increase of 1.3% in the same time period.

Regionally, sales in the Northeast jumped 4.2% with the regional MSP up 7.1% to stand at $513,300.

County-by-county stats and full press release