In December Bath’s Real Estate market continued to see the inventory deplete. With only 35 Current Listings available for buyers, the market has really turned towards the favor of the seller. December will mark the lowest level of inventory in Bath in 2015 and 2016! Now is a great time to start your plans for listing in 2017. The buyers are still out looking and with inventory so low it might not be a bad idea to beat the other spring listings.
December ended with 35 Current Listings (down 9 from November), 19 Pending Sales (down 5 from November), and 11 Closed Sales in December (up 2 from November). Average Sales Price to List Price Ratio decreased to 95% for December, a decrease of 2% from November.
Comparing Bath’s data for December 2016 with December 2015, this is what we see:
- December 2016 Current Listings – 35 vs 66 in December 2015
- December 2016 Pending Sales – 19 vs. 26 in December 2015
- December 2016 Sales – 11 vs. 7 in December 2015
- December 2016 Median Sales Price – $142,000 vs. $220,000 in December 2015
If you are ready to sell or buy a home in Bath, call Maine Home Realty today!