The Topsham Real Estate Market Report for May shows us that Topsham saw a 20% increase in Active listings from 20 in April up to 25 in May. While this does not sound like allot, Topsham remains the town with the lowest amount of Active listings when comparing to Bath and Brunswick, so a 20% increase is huge! The Pending sales remained strong at 22 for May. It seems as though listings come on and listings go keeping the Pending sales at a very good rate for the 2018 year. With Topsham dipping from 19 Sales in April down to only 8 in May, we would expect the month of June to rebound and get somewhere in between with all the inventory that is currently Pending.
May ended with 25 Current Listings (up 5 from April), 22 Pending Sales (same from April), and 8 Closed Sales in May (down 11 from April). Average Sales Price to List Price Ratio was 100%.
If you compare May 2018 with May 2017 in Topsham, this is what you see:
- May 2018 Current Listings – 25 vs 24 in May 2017
- May 2018 Pending Sales – 22 vs. 27 in May 2017
- May 2018 Sales – 8 vs. 22 in May 2017
- May 2018 Median Sales Price – $313,850 vs. $240,450 in May 2017
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!