If you’ve already read the April Market Reports that we’ve posted for Brunswick and Topsham, you know we are experiencing a sorry lack of listings, considering that this is Spring Selling Season! For those Buyers being pushed out of Greater Portland, or even Brunswick by rising prices, Bath offers a few more options, especially for historic home-lovers.
April ended with 58 Current Listings (down 3 from March), 33 Pending Sales (up 10 from March), and 17 Closed Sales in April (up 10 from March). Average Sales Price to List Price Ratio came in at 95% for April, which is down from the 97% of last month.
Of note in this report, is the difference in price between what is Currently Listed (Median List Price $247,000) and what Sold in April (Median Sale Price $135,500). Pending Sales came in the middle-ground with a Median List Price of $179,900, so moving in the right direction.
Comparing Bath’s data for April 2016 with April 2015, this is what we see:
- April 2016 Current Listings – 58 vs 83 in April 2015
- April 2016 Pending Sales – 33 vs. 21 in April 2015
- April 2016 Sales – 17 vs. 7 in April 2015
- April 2016 Median Sales Price – $135,500 vs. $146,000 in April 2015
If you plan to buy or sell a home in Bath, call Maine Home Realty today!