We’ve already posted the Bath & Brunswick Real Estate Market Reports for July 2014, and here’s the July Real Estate Market Report for the “Steady Eddie” of our local towns – Topsham!
Compared to Topsham’s June figures, there has been no change in the number of Current Listings or in the number of Homes Sold and Under Contract Sales were only 2 shy of June’s number. Talk about consistency!
Taking a look farther back and comparing July 2104 to July 2013, we see that year-over-year Current Inventory is also about the same (70 in 2013), Under Contract Sales are fewer (21 in 2013), and 14 Sales closed in July 2013. Topsham is operating in a fairly flat (or stable) market environment.
And, when you look at the July 2013 Median Sales Price of $167,500 compared to July 2014 Median Sales Price of $192,500, this an increase of about 15%. This is the result of more home sales at higher price points than we were seeing last year.
For those who are still on the fence about buying a home, mortgage interest rates are still favorable, and there are terrific Topsham properties in town, in neighborhoods and in more rural locations.
Contact us today if you have questions, or want to start the Home Buying or Home Selling process!