The Topsham Real Estate Market Report for February shows us that Topsham saw a very slight increase in Active listings from 22 to 24 total. The interesting stat to look at is properties are selling at 102% of list price! Buyers are still aggressive and paying more than the asking price probably due to competition and multiple offer situations. If you are planning to sell in Topsham this is great news for you! You can still list at market value and expect to get offers that are more than your asking price. If you are on the buying side in Topsham, you can expect the opposite, multiple offers and potentially paying the seller more than what they are asking for the property.
February ended with 24 Current Listings (up 2 from January), 22 Pending Sales (up 4 from January), and 11 Closed Sales in January (up 2 from January). Average Sales Price to List Price Ratio was 102%.
If you compare February 2018 with February 2017 in Topsham, this is what you see:
- February 2018 Current Listings – 24 vs 19 in February 2017
- February 2018 Pending Sales – 22 vs. 24 in February 2017
- February 2018 Sales – 11 vs. 3 in February 2017
- February 2018 Median Sales Price – $199,900 vs. $275,000 in February 2017
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!