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Bainbridge market improves for second consecutive month

By
Real Estate Agent with Coldwell Banker Bain 49381

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.

 

 


 

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