The Topsham Real Estate Market Report for August shows that inventory is still very low with only 35 available properties to consider! The Pending Sales decreased slightly but I am sure if more properties were available for buyers to consider that number would have been higher. If you have considered selling your home in Topsham the signs are here to sell. Don’t get caught waiting as winter will be coming soon!
August ended with 35 Current Listings (remaining the same from July), 26 Pending Sales (down 5 from July), and 17 Closed Sales in July (an increase of 6 from July). Average Sales Price to List Price Ratio remained a strong 98%!
If you compare August 2016 with August 2015 in Topsham, this is what you see:
- August 2016 Current Listings – 35 vs 61 in August 2015
- August 2016 Pending Sales – 26 vs. 26 in August 2015
- August 2016 Sales – 17 vs. 6 in August 2015
- August 2016 Median Sales Price – $242,500 vs. $186,000 in August 2015
If you want to purchase a home in Topsham, get things lined up and ready to go! The fall market is kicking into full gear. Don’t miss out on low interest rates! Happy Hunting!!
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!