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Single-family existing homes across Maine remained in very high demand during the full sales year of 2021.

FOR IMMEDIATE RELEASE
CONTACTS: LISTED BELOW
REAL ESTATE SALES UP 2.41 PERCENT IN 2021;
PRICES UP 16.8 PERCENT
AUGUSTA (January 20, 2022)—Single-family existing homes across Maine
remained in very high demand during the full sales year of 2021. According to
Maine Listings, the statewide median sales price (MSP) reached $299,000 last
year, a rise of 16.8 percent. The MSP indicates that half of the homes were sold
for more and half sold for less. Sales also increased 2.41 percent.
“Overall, 2021 was a record-breaking year for residential real estate in Maine,”
says Madeleine Hill, 2022 President of the Maine Association of REALTORS®
and Designated Broker at Roxanne York Real Estate on Bailey Island. “The sales
year ended with historic highs for the number of reported transactions (20,401)
and median sales price ($299,000) since we began compiling data more than 21
years ago.”
Statistics gathered by Maine Listings for the month of December 2021 indicate a
12.22 percent MSP increase to $303,000 compared to December 2020. Sales
eased 12.65 percent comparing December 2021 to December 2020.
“2021 began with positive momentum following the 2020 COVID
shutdown. Since July, sales demand has been strong but constrained due to tight
for-sale inventory availability,” says Hill. “As a result of the supply-demand
imbalance, most markets have experienced decreased number of units sold but
double-digit appreciation for median sold prices.”
The National Association of Realtors reported a 6.8 dip in December sales of
single-family existing homes. Prices, however, rose 16.1 percent over the past year
to a national MSP of $364,300. Regionally, December sales in the Northeast
declined 15.7 percent and the regional MSP reached $384,600, a rise of 6.3
percent.
“As we move through the next year, we expect demand for residential real estate
to remain high with buyers seeking the quality-of-life and safety offered by our
beautiful state,” added Hill.
Below are two charts showing statistics for Maine and its 16 counties. The first
chart lists statistics for the month of December 2020 and 2021 only, statewide.
The second chart compares the number of existing, single-family homes sold
(units) and volume (MSP) during the full 12-months of 2020 and 2021.
(Continued)
Maine Real Estate Statistics – Full Year 2021 Housing Report 1/20/22—Page 2 of 2
DECEMBER ONLY CHART
December 1-31, 2020—December 1-31, 2021
Number of Units Sold Median Sales Price
2020 2021 %Change 2020 2021 %Change
Statewide 1969 1720 -12.65% $ 270,000 $ 303,000 12.22%
FULL CALENDAR YEAR CHART
January 1, 2020—December 31, 2020 and
January 1, 2021—December 31, 2021
Number of Units Sold Median Sales Price
2020 2021 %Change 2020 2021 %Change
Statewide 19921 20401 2.41% $ 256,000 $ 299,000 16.80%
Androscoggin 1223 1294 5.81% $ 205,000 $ 240,000 17.07%
Aroostook 838 998 19.09% $ 105,000 $ 120,000 14.29%
Cumberland 4130 3995 -3.27% $ 365,000 $ 434,900 19.15%
Franklin 562 604 7.47% $ 189,950 $ 225,000 18.45%
Hancock 1048 1064 1.53% $ 273,316 $ 320,000 17.08%
Kennebec 1745 1826 4.64% $ 198,000 $ 248,000 25.25%
Knox 694 742 6.92% $ 268,250 $ 344,000 28.24%
Lincoln 686 654 -4.66% $ 301,500 $ 351,000 16.42%
Oxford 995 1015 2.01% $ 199,900 $ 251,000 25.56%
Penobscot 1905 2060 8.14% $ 170,000 $ 200,000 17.65%
Piscataquis 453 421 -7.06% $ 129,900 $ 165,000 27.02%
Sagadahoc 501 482 -3.79% $ 275,000 $ 340,000 23.64%
Somerset 734 781 6.40% $ 143,750 $ 172,500 20.00%
Waldo 615 659 7.15% $ 224,000 $ 270,000 20.54%
Washington 551 634 15.06% $ 149,900 $ 163,500 9.07%
York 3241 3172 -2.13% $ 337,000 $ 398,750 18.32%
Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of
REALTORS, is a statewide Multiple Listing Service with over 6,200 licensees inputting active and sold property listing data. Statistics reflect
properties reported as sold in the system within the time periods indicated. Contacts: Maine Association of
REALTORS® President Madeleine Hill (Roxanne York Real Estate, Bailey Island) – 207-807-6578 mhill.realestate@gmail.com Maine
Association of REALTORS® President Elect Carmen McPhail (United Country Lifestyle Properties of Maine , Lincoln) – 207-290-
0371 carmen@lifestylepropertiesme.com For additional contacts: suzanne@mainerealtors.com

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