Topsham, Maine – August 2015 Real Estate Market Report

Androscoggin River at end of summer

Along the Androscoggin River in Topsham ME

As the Summer Real Estate Market wrapped up in the Mid-Coast Region, Topsham real estate sales dropped off from July’s high levels.   Topsham saw another month with modest  increases in Active Listings and Pending Sales, but Closed Sales plummeted in August.  But if you look at the year-over-year comparison, this is par for the August course in the “steady” nature of Topsham real estate.

August ended with 61 Current Listings (up 5 from July),  26 Pending Sales (up 6 from July), and only 6 Closed Sales in August (down 12 from July!).  Average Sales Price to List Price Ratio is back up to 99%.

If you compare August 2015 with August 2014 in Topsham, this is what you see:

  • August 2015 Current Listings – 61 vs. 65 in August 2014
  • August 2015 Pending Sales – 26 vs. 21 in August 2014
  • August 2015 Sales – 6 vs. 9 in August 2014
  • August 2015 Median Sales Price – $186,000 vs. $190,000 in August 2014

Buyers, heading into Autumn, may have more and better options from which to choose.  If you are considering purchasing a home in Topsham, contact Maine Home Realty TODAY! and we’ll guide you through the process!

If you plan to buy or sell a home in Topsham, call Maine Home Realty today!

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