The Topsham Real Estate Market Report for February shows us that Topsham continues to see a decrease in inventory slipping to only 19 available listings this month. The buyers are still out looking even with the snow storms and cold weather showing an increase in pending sales to 24. Topsham also saw the list price to sales price ratio increase to 100% for this month. While Topsham only had three sales this is still impressive! If you are selling in Topsham don’t miss the early market! If you are buying in Topsham be ready!
February ended with 19 Current Listings (decreasing by four listings from January), 24 Pending Sales (up 5 from January), and 3 Closed Sales in February (an increase of 1 from January). Average Sales Price to List Price Ratio increased from 97% to 100%!
If you compare February 2017 with February 2016 in Topsham, this is what you see:
- February 2017 Current Listings – 19 vs 31 in February 2016
- February2017 Pending Sales – 24 vs. 23 in February 2016
- February 2017 Sales – 3 vs. 8 in February 2016
- February 2017 Median Sales Price – $275,000 vs. $266,000 in February 2016
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!