The Topsham Real Estate Market Report for August shows us that Topsham finally saw a decent increase in Active listings from only 15 up to 24! This is a huge increase compared to what Topsham has seen this year in Active listings. The Pending sales remained very strong and increased to 32 overall for the month of August. We would expect September to be stronger in sales with all of the Pending activity going on. This month only had 13 sales so we would expect it to be more with the Pending sales and increase of inventory for August. Topsham has had the lowest inventory in all three towns monitored in the market reports. Topsham is still a very hard town to purchase in so if you want to find a home in Topsham be poised and ready and still expect competing offers on any home that is priced at or below market value. Happy Hunting this fall!
August ended with 24 Current Listings (an increase of 9 from July), 32 Pending Sales (up 4 from July), and 13 Closed Sales in June (an increase of 2 from July). Average Sales Price to List Price Ratio was 99%.
If you compare August 2017 with August 2016 in Topsham, this is what you see:
- August 2017 Current Listings – 24 vs 35 in August 2016
- August 2017 Pending Sales – 32 vs. 26 in August 2016
- August 2017 Sales – 13 vs. 17 in August 2016
- August 2017 Median Sales Price – $237,000 vs. $242,500 inAugust 2016
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!