In September Bath’s Real Estate market continued to show signs of improvement! The inventory decreased again for a third month in a row giving buyers even less to look at when searching for the right place. Pending Sales remained strong at 27 showing that properties continue to move quickly as we head into the fall. Bath experienced another month with less than half of the inventory that we had to look at this time last year!
September ended with 44 Current Listings (down 10 from August), 27 Pending Sales (down 14 from August), and 17 Closed Sales in September (remaining the same from July and August). Average Sales Price to List Price Ratio remained at 95% for September, which also remained the same from July and August.
Comparing Bath’s data for September 2016 with September 2015, this is what we see:
- September 2016 Current Listings – 44 vs 109 in September 2015
- September 2016 Pending Sales – 27 vs. 25 in September 2015
- September 2016 Sales – 17 vs. 6 in September 2015
- September 2016 Median Sales Price – $159,000 vs. $157,000 in September 2015