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April 2020 Market Update

Cassie Mason

Cassie fosters long-term relationships with her clients who oftentimes turn out to become great friends...

Cassie fosters long-term relationships with her clients who oftentimes turn out to become great friends...

May 7 2 minutes read

April Market Report


What crazy times we are living in!


When I reviewed last month’s data, I wasn’t sure what to expect. 


A lot of owners are sitting tight right now – they have their kids home from school, they don’t want strangers in their homes for showings, etc. There is some apprehension with listing homes on the market right now and that is totally understandable.


Buyers are in the opposite boat these days – they are sitting at home, looking at houses online, and waiting for the right one to come on the market. More buyers than ever before have come to me with a pre-approval already in hand. They’ve had the time to work with their lender and now they are ready to buy.


It is my personal prediction that with low interest rates and this pent-up demand, there will be a very active market in Q3 and Q4. Let’s all hope I’m right, right?!


This market report shows our local activity on a micro-level, as well as the summary of Oxford County and Statewide activity over the past month.


Stay safe and healthy & as always – let me know how I can help!

Bethel & Sunday River Area 

These trends are reported from the April MLS data from the towns of Bethel and Newry. 

56

Average Days on Market

$282K  

Average Sales Price

3.63

Months of Supply

$212.00

Average Price per Sq. Foot

Single Family Home Activity

In our immediate "micro-market," including the towns of Bethel & Newry, this is the market activity that we saw. 

5

New Listings

14

Under Contract

47

Active Listings

10

Closed Sales

Compared with Statewide Numbers

Comparing Oxford County to the rest of the state in total single family sales during the month of April. In a county where list-to-sale price has historically hovered around 94%, this is encouraging data. 


55

Single Family Homes Sold in Oxford County

96%

List to Sale Price in Oxford County

1071

Single Family Homes Sold Statewide

98%

List to Sale Price Statewide

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