The Topsham Real Estate Market Report for May shows us that Topsham increased its available listings by only 2 listings. The Pending Sales decreased by 10 which is why the sold properties in Topsham for May was 22! This is a huge increase from April which only had 8 sold [properties for the month. Inventory continues to remain very low in Topsham and buyers move quickly on new listings that come out. Be ready with financing in place so when the right home comes on you can move quickly!
May ended with 24 Current Listings (a decrease of 2 from April), 27 Pending Sales (down 10 from April), and 22 Closed Sales in May (an increase of 14 from April). Average Sales Price to List Price Ratio remained the same at 99%.
If you compare May 2017 with May 2016 in Topsham, this is what you see:
- May 2017 Current Listings – 24 vs 28 in May 2016
- May 2017 Pending Sales – 27 vs. 32 in May 2016
- May 2017 Sales – 22 vs. 11 in May 2016
- May 2017 Median Sales Price – $240,450 vs. $191,000 in May 2016
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!