December ended with just 69 Current Listings (down 9 from November), 38 Pending Sales (down 10 from November), and 22 Closed Sales in December (down 3 from November). After dipping down a couple points last month, Average Sales Price to List Price Ratio dipped 3 more points to 93%, in December.
Let’s compare December 2015 with December 2014 in Brunswick:
- 69 Current listings in 2015 vs. 97 last December;
- 38 Pending Sales in 2015 vs. 33 last December;
- 22 Closed Sales in 2015 vs. 21 last December;
- December 2015 Median Sales Price $172,250 vs. December 2014 Median Sales Price $246,000
As an explanation for the much lower Median Sales Price this month, we note that 13 of the 22 homes that sold were purchased for less than $200,000, including 5 (23% of sales in December) located at McKeen Street Landing, the former Navy housing development.
If you are ready to sell or buy a home in Brunswick, call Maine Home Realty today!