Brunswick, Maine- November 2016 Real Estate Market Report

In November, the Brunswick Real Estate Market saw another decrease in available inventory from October. This is typical for the Holiday season and with winter setting in for the season. If the trend continues like last winter we will see very low inventory levels through the winter of 2017. If you are thinking of selling in Brunswick 2017, get your plans done early because buyers will be poised and ready for new inventory.

November ended with 67 Current Listings (down 11 from October),  24 Pending Sales in November (down 11 from October), and 25 Closed Sales in November (down 5 from October).  Average Sales Price to List Price Ratio decreased 1% from October to 97%. 

Comparing November 2016 with November 2015 in Brunswick:

• November 2016 Current Listings – 67 vs. 78 in November 2015;
• November 2016 Pending Listings – 24 vs. 48 in November 2015;
• November 2016 Sold Listings – 25 vs. 25 in November 2015;
• November 2016 Median Sales Price $219,00 vs. November 2015 Median Sales Price $276,300.

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