Topsham, Maine – May 2016 Real Estate Market Report

Topsham Maine 04086The Topsham Real Estate Market Report for May seems to show us that things have slowed in Topsham just like across the bridge in Brunswick. We saw Active Listings increase again for a second month in a row. With interest rates so low, it’s time to take advantage of the increase in properties to look at. Don’t get caught waiting like the rest!

May ended with  41 Current Listings (up 14 from April),  34 Pending Sales (up 1 from April), and 13 Closed Sales in May (up 1 from April).  Average Sales Price to List Price Ratio is down almost 5 points to 96.10%!

If you compare May 2016 with May 2015 in Topsham, this is what you see:

  • May 2016 Current Listings – 41 vs 40 in May 2015
  • May 2016 Pending Sales – 34 vs. 23 in May 2015
  • May 2016 Sales – 13 vs. 11 in May 2015
  • May 2016 Median Sales Price – $187,500 vs. $222,400 in May 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!

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