The Summer Real Estate Market in Brunswick is off to a good start.  The numbers continue to favor Sellers and some Buyers are being priced out of in-town housing in the heat of multiple offers or Sellers who demand, and get, full price.

Buyers must continue to move swiftly to secure the nicest properties.

June ended with 119 Current Listings (up 9 from May), but only 47 Pending Sales (down 8 from May), and 37 Closed Sales in June (up 7 from May).  Average Sales Price to List Price Ratio is at 99% in June.

Let’s compare June 2015 with June 2014 in Brunswick:

• 119 Current listings in 2015 vs. 131 last June;
• 47 Pending Sales in 2015 vs. 38 last June;
• 37 Closed Sales in 2015 vs. 31 last June;
• June 2015 Median Sales Price $240,000 vs. June 2014 Median Sales Price $215,000

Lower supply, and more homes selling should bring increased prices, and it appears that is happening, as the median price took a jump year-over-year in June.  This may signal the beginning of Buyers fanning out into the more rural towns to get more for their home buying dollars.

If you plan to buy or sell a home in Brunswick, call Maine Home Realty today!