Bath, Maine- October 2016 Real Estate Market Report

In October Bath’s Real Estate market remained strong! The inventory has increased slightly giving buyers a few more options to choose from. The inventory is still almost half of what you would have had to look at last year in October! With inventory remaining low in Topsham and Brunswick Bath is still a great option with a wide variety of homes to choose from. Its still a great time to buy with interest rates remaining low!

October ended with 54 Current Listings  (up 10 from September),  26 Pending Sales (up 1 from September), and  18 Closed Sales in October (up 1 from September).   Average Sales Price to List Price Ratio increased to 98% for October, an increase of 3% from September.

Comparing Bath’s data for October 2016 with October 2015, this is what we see:

• October 2016 Current Listings – 54 vs 104 in October 2015
• October 2016 Pending Sales – 26 vs. 17 in October 2015
• October 2016 Sales – 18 vs. 10 in October 2015
• October 2016 Median Sales Price – $160,900 vs. $198,000 in October 2015