The Topsham Real Estate Market Report for April is even more remarkable than the April report we just posted for Brunswick. The same phenomena of More Pending Sales than Active Listings was present in Topsham for April, as well. And, there is one fewer Active Listing than last month, which was a record low as far as we know. But, again, despite the shortage of active listings, both Pending Sales and Closed Sales increased over the previous month.
April ended with only 27 Current Listings (down 1 from March), 33 Pending Sales (up from March!), and 12 Closed Sales in April (up 1 from March). Average Sales Price to List Price Ratio is up 4 points to 101%!
If you compare April 2016 with April 2015 in Topsham, this is what you see:
- April 2016 Current Listings – 27 vs 37 in April 2015
- April 2016 Pending Sales – 33 vs. 19 in April 2015
- April 2016 Sales – 12 vs. 13 in April 2015
- April 2016 Median Sales Price – $228,450 vs. $165,000 in April 2015
If you want to purchase a home in Topsham, we cannot emphasize enough, the importance of having your lender and mortgage pre-approval all lined up. Then watch the listings your broker is sending you and be ready to see the homes as soon as they hit the market. Then, don’t hesitate to submit an offer if you find the one you want!
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!