Real estate industry experts point to this year’s annual spring upswing in home listing activity as further contributing to a more balanced market trend.

Maine Listings’ latest report reveals an easing of home sales in May, down 2.82% when compared to May 2025. The median sales price (MSP) last month remained unchanged from 12 months ago at $425,000.

The MSP indicates half of homes sold for more and half for less.

The number of homes up for sale last month jumped 25% compared to April, with more than 1,000 additional units listed and available to buyers, with over 5,000 properties active statewide.

The increased competition among sellers for buyers further redirects the market towards a more balanced state after years of sellers having the upper hand.

More good news for house hunters is that mortgage rates are also lower than they were a year ago. 

The National Association of Realtors (NAR), meanwhile, reported a national MSP of $434,300 – up 1.3% – and a sales increase of 3.3% in May 2026 compared to May 2025. 

Regionally, sales of existing single-family homes in the Northeast declined 8% in May, while the MSP rose 4.2% to $534,900.

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