In November Bath’s Real Estate market remained strong! The inventory was reduced to the lowest amount Bath has seen all year for the second month this fall (also September). Being down to 44 listings really shows what a great year Bath sellers have experienced as well as buyers getting the deals they were looking for. The inventory is still cut in half from this time last year. We expect things to quiet going into the new year, but, this is the perfect time to start your early listing plans for 2017 with inventory being so low!
November ended with 44 Current Listings (down 10 from October), 24 Pending Sales (down 2 from October), and 9 Closed Sales in November (down 8 from October). Average Sales Price to List Price Ratio decreased to 97% for November, a decrease of 1% from October.
Comparing Bath’s data for November 2016 with November 2015, this is what we see:
- November 2016 Current Listings – 44 vs 90 in November 2015
- November 2016 Pending Sales – 24 vs. 18 in November 2015
- November 2016 Sales – 18 vs. 11 in November 2015
- November 2016 Median Sales Price – $130,500 vs. $180,000 in November 2015
If you are ready to sell or buy a home in Bath, call Maine Home Realty today!