As the calendar pages rapidly flip and the year makes its way to a close, we look back on November market data for the Town of Topsham and see that Pending Sales are up over last month. Closed Sales are down, and the available inventory of homes for sale has dropped even lower, if just a bit.
With the mild weather continuing, Buyers are still out shopping for more than holiday gifts!
November ended with 53 Current Listings (down 3 more from October), 23 Pending Sales (up 3 from October), and just 6 Closed Sales in November (down 8 from October). Average Sales Price to List Price Ratio took a 4 point dip down to 94%.
If you compare November 2015 with November 2014 in Topsham, this is what you see:
- November 2015 Current Listings – 53 vs. 54 in November 2014
- November 2015 Pending Sales – 23 vs. 12 in November 2014
- November 2015 Sales – 6 vs. 13 in November 2014
- November 2015 Median Sales Price – $215,500 vs. $167,500 in November 2014
With single family home listings expiring off the market as we approach the holiday season, Buyers continue to be faced with fewer options in Topsham, but continued low interest rates, for now. Other nearby towns may provide additional options for Buyers who are flexible as to location.
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!