Bowdoin College Chapel

Looking at the  Real Estate Sales data in Brunswick for the month of November, we saw Active Listings dropping off a cliff, significantly reducing available inventory as we march toward year-end.  Pending Sales tapered off ever so slightly in November, which bodes well for December to post good closing numbers. 

As we indicated last month, many Sellers take their homes off the market before Thanksgiving and roll them back out in early spring, but current inventories in Brunswick are well below prior year’s levels at this point.

November ended with just 78 Current Listings (down 23 from October),  48 Pending Sales (down 2 from October), and 25 Closed Sales in November (down 10 from October!).  Average Sales Price to List Price Ratio dipped back down a couple points, to 96%, in November.

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

• 78 Current listings in 2015 vs. 111 last November;
• 48 Pending Sales in 2015 vs. 33 last November;
• 25 Closed Sales in 2015 vs. 14 last November;
• November 2015 Median Sales Price $276,300 vs. November 2014 Median Sales Price $176,000

The residential real estate market in Brunswick is outpacing its 2014 performance for this month.  Right now, the shortage of available inventory is frustrating Buyers who need to purchase, and want to be in Brunswick.  More flexible Buyers are looking to Brunswick’s nearby towns for additional options and are finding some good values.

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