Mid-Coast Maine – 2013 Real Estate Market Wrap-Up

Happy New Year!

We published our first Market Report on the Maine Home Realty website just about one year ago.  We wrote that first post, a 2012 Market Wrap-Up, to provide a starting point for what we hoped would be regular reports to help our interested readers observe market activity, direction and strength as our economy improved.  We are proud that we have met our goal of publishing monthly reports for Bath, Brunswick and Topsham, as well as quarterly reports for our marketing territory which includes about 16 towns.

Below you will see a summary of properties that Sold in Maine Home Realty’s Market Area in 2013.  We have also provided the 2012 sales data and note the following year-over-year highlights in this hyper-local world where we live and work:

• Home Sales increased by 99 units, or 12%
• Median Sales Price increased by 7%
• Average Days on Market decreased by 25 days

 

We will continue to share, in future market reports, what is going on in our very local real estate market in Southern Mid-Coast Maine. 

If you are thinking about selling or buying a property in our region, please don’t hesitate to contact Maine Home Realty! 

Best Wishes for a Terrific 2014!