Monthly Home Sales Report for Portland and Southern Maine provided by Maine Home Connection
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Maine Home Connection is the only greater Portland real estate agency updating monthly home sales statistics on a regular basis. Access Reports by town using the links below:

       
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Annual Report
2020 Full Year Sales Results
 

 

February Results

High demand for single-family homes across Maine continues, despite the yearlong COVID-19 pandemic. Sales for the month of February 2021 were 22.8% ahead of February 2020, while median selling prices were also up 12.9% reaching a level of $244,900 for the month.  

In southern Maine, sales increases YTD have been more muted, primarily due to extremely low inventory.  In fact, Cumberland County has experienced lower sales in 2021 vs 2020, while York County is marginally ahead.

As has been true from many months, the demand for homes continues to out-strip the inventory of properties for sale. Inventory is down approximately 50% compared to a year ago. As homes come on the market, buyers are acting quickly as the state-wide days on market has been reduced to 21 days in February 2021 compared to 52 days in February 2020. 

Nationally & Regionally

Nationally, sales of single-family homes in February 2021 increased 8.0% for the month while median selling prices increased 16.2%, reaching $317,100 over that same time period. According to the National Association of Realtors, the regional Northeast in February 2021 experienced a sales jump of 13.2% percent, while the regional MSP increased 20.5% to $356,000 compared to February 2020.

The Absorption Rate tracks how long it takes to sell a home given current inventory levels.

 February 2021 Sales   February 2021 Infographic


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