The Spring Real Estate Market conditions in Topsham continues unchanged. Buyers are struggling with a lack of properties to view. The rate at which homes are coming on the market in Topsham continues to lag behind the pace of sales. Nice properties are going under contract quickly, so current inventory levels remain at a steady, low level.
May ended with 40 Current Listings (up just 3 from April), 23 Pending Sales (up 4 from April), and 11 Closed Sales in May (down 2 from April). Average Sales Price to List Price Ratio has ticked up to 99%.
If you compare May 2015 with May 2014 in Topsham, this is what you see:
- May 2015 Current Listings – 40 vs. 63 in May 2014
- May 2015 Pending Sales – 23 vs. 23 in May 2014
- May 2015 Sales – 11 vs. 9 in May 2014
- 2015 Median Sales Price – $222,400 vs. $172,500 in 2014
If you are a Topsham home owner who has been thinking about selling, this data should be your signal to contact Maine Home Realty TODAY! and get your home listed!
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!