Bainbridge market improves for second consecutive month

Closed Transactions Month of October

Please note: we are comparing closings for October of this year to the same month last year.

The Bainbridge market improved for the second consecutive month. 69% more homes closed last month.

Transactions closed five days faster. The average selling price was up 34%.

Sellers accepted 15% less than they originally asked.

There are 221 homes in inventory, 13 fewer than last month, at all price ranges (the highest listing is $8.8M). Average listing price is $946,000, up again from last month) , with the median price falling from $670,000 last month to $639,000.

In summary, Bainbridge has fewer homes in inventory with prices lower than last month. It is still a buyer's market, but the trend is moving toward neutral.

If you would like details of the home that closed in your neighborhood, call or email me.