The Topsham Real Estate Market Report for March shows us that Topsham saw a slight increase in available inventory. Buyers could certainly use all the extra listings to look at with inventory being so low this winter and buyer activity not taking a break for the snow. The average sales price to list price ratio climbed to 103% showing us that buyers are willing to offer over the asking price in certain situations. Topsham continues to be a HOT market so get your financing in order before going out to look at properties. Be ready to act quick and be ready to potentially offer over the asking price.
March ended with 22 Current Listings (increasing by three listings from February), 29 Pending Sales (up 5 from February), and 12 Closed Sales in March (an increase of 9 from February). Average Sales Price to List Price Ratio increased from 100% to 103%!
If you compare March 2017 with March 2016 in Topsham, this is what you see:
- March 2017 Current Listings – 22 vs 28 in March 2016
- March 2017 Pending Sales – 29 vs. 32 in March 2016
- March 2017 Sales – 12 vs. 11 in March 2016
- March 2017 Median Sales Price – $277,500 vs. $191,000 in March 2016
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!