Leaving the Maine State Music Theatre’s “Young Frankenstein,” its final production of the season, it was sad to hear one of the patrons lament, “Now Summer is over!” But, the Summer Real Estate Market isn’t quite done with its performance, and Brunswick homes sales continued strong through the month of July. With the number of Active Listings taking a leap, Buyers were finally given a bit more from which to choose.
July ended with 138 Current Listings (up 19 from June), 50 Pending Sales (up 3 from June), and 29 Closed Sales in July (down 8 from June). Average Sales Price to List Price Ratio continues unchanged at 99% in July.
Let’s compare July 2015 with July 2014 in Brunswick:
- 138 Current listings in 2015 vs. 138 last July;
- 50 Pending Sales in 2015 vs. 50 last July;
- 29 Closed Sales in 2015 vs. 24 last July;
- July 2015 Median Sales Price $214,900 vs. July 2014 Median Sales Price $259,950
It appears the favorable selling climate has begun to motivate additional owners to put homes on the market, bringing inventory levels up to last July’s level. Pending Sales and Closed Sales present a similar, if not better, picture than last year, but Sold Median Price has taken a bit of a dip. We shall see what August brings to finish out the Summer!
If you plan to buy or sell a home in Brunswick, call Maine Home Realty today!