The Topsham Real Estate Market Report for January shows us that Topsham continued to see a decrease in inventory. With inventory so low you have to wonder if this plays into Topsham only having two sales in January? I would have to think it would! Topsham continues to be a very desirable area with a shortage of inventory. If you are looking to buy in Topsham, be prepared to be patient and be prepared to compete with other buyers! Sellers will continue to see quick sales as long as the property is priced right.
January ended with 23 Current Listings (decreasing by two listing from December), 19 Pending Sales (up 6 from December), and 2 Closed Sales in January (a decrease of 7 from December). Average Sales Price to List Price Ratio decreased from 98% to 97%!
If you compare January 2017 with January 2016 in Topsham, this is what you see:
- January 2017 Current Listings – 23 vs 38 in January 2016
- January 2017 Pending Sales – 19 vs. 19 in January 2016
- January 2017 Sales – 2 vs. 9 in January 2016
- January 2017 Median Sales Price – $142,500 vs. $283,500 in January 2016
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!