In August, the Brunswick Real Estate Market saw a slight increase from July in inventory by 7 properties. Pending sales and Closed Sales were also up showing us that the Brunswick real estate market continues to do very well. It is amazing to see that the inventory over the course of one year has gone down by 42 properties. That is very significant as buyers are still feeling the pressure of being able to find something they like. Be poised and ready as we head into the fall market!

August ended with 83 Current Listings (up 7 from July),  48 Pending Sales in August (up 4 from July), and 40 Closed Sales in August (up 7 from July).  Average Sales Price to List Price Ratio is 98%, remaining strong from last month.  Average Days on Market had a slight increase to 47.

Comparing August 2016 with August 2015 in Brunswick:

• 83 Current listings in 2016 vs. 125 last August;
• 48 Pending Sales in 2016 vs. 52 last August;
• 40 Closed Sales in 2016 vs. 32 last August;
• August 2016 Median Sales Price $216,000 vs. August 2015 Median Sales Price $222,500.

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