The Topsham Real Estate Market Report for October shows us that inventory is still reaching all time lows with only 24 available properties for buyers to consider! That’s 5 less than last month! This is amazing to think about because this time last year we had over 50 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 another slight decrease. How long will this inventory remain low?
October ended with 24 Current Listings (down 5 from September), 21 Pending Sales (down 4 from September), and 9 Closed Sales in September (a decrease of 4 from September). Average Sales Price to List Price Ratio remained a strong 98%!
If you compare October 2016 with October 2015 in Topsham, this is what you see:
- October 2016 Current Listings – 24 vs 56 in October 2015
- October 2016 Pending Sales – 21 vs. 20 in October 2015
- October 2016 Sales – 9 vs. 14 in October 2015
- October 2016 Median Sales Price – $222,500 vs. $166,000 in October 2015
If you want to purchase a home in Topsham, get things lined up and ready to go! The fall market is coming to an end quickly. 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!
