The Topsham Real Estate Market Report for October shows us that Topsham remains the town with the lowest amount of Active Listings when comparing to Bath and Brunswick. This has been the trend all year and Topsham ends October with only 23 Active Listings available for buyers to consider. This amount is down 2 when comparing to September. The Pending Sales dipped a bit from 16 in September to 11 in October, but, I bet Topsham would see more Pending Sales if the Active Listings increased. The Sold Properties increased from 8 in September to 13 in October giving Topsham the feel that no matter what comes on the market it will be Sold in a short amount of time. Topsham’s average list price to sales price for October closed out at 101% telling us that properties are still selling above the list price which is great news for sellers but bad news for buyers. If you want to buy in Topsham be ready! The market does not offer a ton of options to pick from so when the right property comes on the market be ready to move quickly and also be ready to compete with other buyers in multiple offer situations.
October ended with 23 Current Listings (down 2 from September), 11 Pending Sales (down 5 from September), and 13 Closed Sales in October (up 5 from September). Average Sales Price to List Price Ratio was 101%.
If you compare October 2018 with October 2017 in Topsham, this is what you see:
- October 2018 Current Listings – 23 vs 27 in October 2017
- October 2018 Pending Sales – 11 vs. 27 in October 2017
- October 2018 Sales – 13 vs. 13 in October 2017
- October 2018 Median Sales Price – $272,000 vs. $169,900 in October 2017
If you plan to buy or sell a home in Topsham, call Maine Home Realty today!