The Topsham Real Estate Market Report for September shows us that inventory is reaching all time lows with only 29 available properties for buyers to consider! This is amazing to think about because this time last year we had over 60 to consider. Trying to find a home in Topsham can be a challenge. Don’t give up, just be ready for when comes on the market and be ready to move quick! Pending sales remained strong while Sold properties saw a slight decrease. How long will this inventory remain low?
September ended with 29 Current Listings (down 6 from August), 25 Pending Sales (down 1 from August), and 13 Closed Sales in August (an decrease of 4 from August). Average Sales Price to List Price Ratio remained a strong 99%!
If you compare September 2016 with September 2015 in Topsham, this is what you see:
- September 2016 Current Listings – 29 vs 66 in September 2015
- September 2016 Pending Sales – 25 vs. 22 in September 2015
- September 2016 Sales – 13 vs. 15 in September 2015
- September 2016 Median Sales Price – $269,800 vs. $235,000 in September 2015
If you want to purchase a home in Topsham, get things lined up and ready to go! The fall market is in 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!