The Topsham Real Estate Market Report for March shows us that Topsham is back to being the town with the lowest amount of Active Listings when comparing to Bath and Brunswick. Topsham remained the same as February with only 24 Active Listings for the month of March. Buyers are still willing to pay more than what the seller is asking for too. February was at 102% and March closed with 101% List Price to Sale Price ratio. Sellers can expect higher offers when priced right and in multiple offer situations. Buyers can still expect to have to offer more than the sellers asking price if its priced fair and other buyers are competing. If you are buying in Topsham have your financing lined up and be ready to go, the listings do not last long! If you plan to list in Topsham, don’t wait! The market is moving very fast and buyers are ready and waiting. One would expect the market to slow down sometime in the future so why gamble, make your plans to sell in 2018 soon and you won’t regret it!
March ended with 24 Current Listings (no change from February), 29 Pending Sales (up 7 from February), and 6 Closed Sales in March (down 5 from February). Average Sales Price to List Price Ratio was 101%.
If you compare March 2018 with March 2017 in Topsham, this is what you see:
- March 2018 Current Listings – 24 vs 22 in March 2017
- March 2018 Pending Sales – 29 vs. 29 in March 2017
- March 2018 Sales – 6 vs. 12 in March 2017
- March 2018 Median Sales Price – $237,000 vs. $277,500 in March 2017
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!