The Topsham Real Estate Market Report for June is showing us that things have continued with the same amount of market force as Topsham’s May market report. The inventory remained about the same which is hopefully giving buyers more options to look at as new properties come on the market. It is not a bad idea to consider a back up offer in this type of market. You are in first place if the first contract falls through plus you can keep shopping while you wait!

June ended with 39 Current Listings (up 2 from May),  35 Pending Sales (up 1 from May), and 17 Closed Sales in May (up 4 from May).  Average Sales Price to List Price Ratio moved up 2 points to 98.19%!

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

• June 2016 Current Listings – 39 vs 52 in June 2015
• June 2016 Pending Sales – 35 vs. 25 in June 2015
• June 2016 Sales – 17 vs. 10 in June 2015
• June 2016 Median Sales Price – $212,500 vs. $211,000 in June 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!