In May Bath’s Real Estate market saw a decrease in Active listings from 36 in April down to only 31 in May. The pressure is on for buyers looking to purchase in Bath. The market has really tightened up and the inventory is dwindling to very low levels. Pending Sales were up from 17 in April to a whopping 27 in May! This shows you the need for good inventory and that the demand for listings is still in full swing. If you are considering listing a home in Bath, what are you waiting for!? The average sales price to list price ratio was at 99% for the month of May. The key to a quick sale is setting the right price. Don’t go too overboard, you want to set it just right to attract buyers and multiple offer situations. If you set the price right, offers will still come in over asking.
May ended with 31 Current Listings (down 4 from April), 27 Pending Sales (up 10 from April), and 14 Closed Sales (up 5 from April). Average Sales Price to List Price Ratio was 99% for May.
Comparing Bath’s data for May 2018 with May 2017, this is what we see:
- May 2018 Current Listings – 31 vs 40 in May 2017
- May 2018 Pending Sales – 27 vs. 19 in May 2017
- May 2018 Sales – 14 vs. 18 in May 2017
- May 2018 Median Sales Price – $179,000 vs. $207,500 in May 2017
If you are ready to sell or buy a home in Bath, call Maine Home Realty today!