In May Bath’s Real Estate market saw an increase in available listings by 1 listing to 40 total. Looking at May in 2016 we had 29 more properties to consider for buyers. The inventory still remains low especially under $200,000. Brunswick and Topsham have tightened pushing buyers into the Bath market to seek affordability. It is quickly drying up and prices are increasing. Bath offers a great community with an awesome downtown, if you have not considered Bath come and explore what it has to offer!
May ended with 40 Current Listings (up 1 from April), 19 Pending Sales (down 3 from April), and 18 Closed Sales (up 7 from April). Average Sales Price to List Price Ratio was 98% for May.
Comparing Bath’s data for May 2017 with May 2016, this is what we see:
- May 2017 Current Listings – 40 vs 69 in May 2016
- May 2017 Pending Sales – 19 vs. 38 in May 2016
- May 2017 Sales – 18 vs. 18 in May 2016
- May 2017 Median Sales Price – $207,500 vs. $150,500 in May 2016
If you are ready to sell or buy a home in Bath, call Maine Home Realty today!