The Topsham Real Estate Market Report for December shows us that Topsham is still a tough market to get into. Inventory has been the lowest for the three towns in these reports (Topsham, Brunswick and Bath) all year. If the trend continues for 2017 Topsham will remain tough for buyers to find a suitable home, especially something in the first time home buyer’s budget. If you see a house and the price is right for your budget, being ready to buy with your mortgage secured will help. Good luck for those hunting in Topsham, it’s not going to be easy!
December ended with 25 Current Listings (increasing by one listing from November), 13 Pending Sales (down 6 from November), and 9 Closed Sales in December (an increase of 3 from November). Average Sales Price to List Price Ratio remained strong at 98%!
If you compare December 2016 with December 2015 in Topsham, this is what you see:
- December 2016 Current Listings – 25 vs 41 in December 2015
- December 2016 Pending Sales – 13 vs. 21 in December 2015
- December 2016 Sales – 9 vs. 10 in December 2015
- December 2016 Median Sales Price – $201,000 vs. $188,000 in December 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. Winter will prove tough with low inventory so don’t get caught sitting around!
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!