Ashland MA Real Estate Market Report August 2014

Ashland Massachusetts Real Estate Market August 2014

Do you want to see what has taken place in the Ashland Real Estate market for the month of August along with year over year comparisons? Take a look at our report of the Ashland MA real estate market. While looking a the report you can also visit real estate found in Ashland MA, where you will find out why Ashland is a popular choice for home buyers including information on town history, schools, demographics and more.

Ashland MA Real Estate Market Report

 

 

 

 

 

 

Real Estate Activity For August 2014 vs August 2013

In August of 2014 there were 16 homes that closed within the month for Ashland MA Real Estate. This was a decrease of 6 units, as there were 22 homes that closed in August of 2013.

The average list price for the homes that closed for August of 2013 was $490,761

The average list price for the homes that closed for August of 2014 was $492,975

The average sale price for the homes that closed for August of 2013 was $485,433

The average sale price for the homes that closed for August of 2014 was $489,031

The average market time for the homes that closed for August of 2013 was 48 days.

The average market time for the homes that closed for August of 2014 was 46 days.

Homes Under Contract For August 2014

8 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $364,788. The average time on the market for these homes were 327 days. August was a fair month for homes going under contract.

January 2011 – 2013 Final Year Real Estate Market Statistics For Ashland Massachusetts

For the period of January to December of 2012 there were 153 properties sold.

For the period of January to December of 2012 there were 129 properties sold.

For the period of January to December 2011 there were 96 properties sold.

For the period of January to December in 2013 the average list price was $394,724 the average sale price was $387,466, the average market time was 69 days.

For the period of January to December in 2012 the average list price was $364,037 the average sale price was $354,900 and the average market time was 104 days.

For the period of January to December in 2011 the average list price was $393,090, the average sale price was $383,811 and the average time on the market was 96 days.

Current August Home For Sale Inventory Levels

The are currently 40 homes on the market. The average list price of these homes for sale is $474,964. The average days on the market is 137. The amount of homes for sale decreased by five homes for sale over last months levels. Inventory levels have remained in a pretty tight range over the last few months.

Ashland MA Real Estate Market Analysis

Real Estate Analysis For 2013

In 2013 the Ashland Real Estate market had a very large increase in the number of sales compared to 2012. The real estate market in Ashland was very different than in previous years as was the case for numerous towns in the Metrowest area. The market in fact turned from a buyers market into a full fledged sellers market. What we saw was a market shaped by low inventory combined with exceptionally attractive interest rates.

The beginning of the 2013 real estate market was actually shaped by homes going under contract super fast and close to asking prices. In a number of cases there were homes that sold in the first couple of weeks they were for sale. In some circumstances buyers were under pressure to pay more than asking prices as multiple bidders on a property was not uncommon. The latter half of 2013 settled into a more balanced market.

Home inventory levels have been consistently below the averages of the last 4-5 years throughout the entire past year.

Low home inventory levels are always a good sign for those considering to sell their property as they typically will bring up housing prices. Moving into 2014 we are set up to see a very similar Spring market that we experienced last year. Inventory right now is at the lowest I have seen in my twenty seven years in the business.

For 2013 there were 153 sales. In 2012 there were only 129 so Ashland saw a significant jump in their sales volume.

Current 2014 Real Estate Analysis

Other than the early part of the year, the Ashland real estate market has remained very steady. There have not been too many peaks and valleys when it comes to sales month to month.  Sales in the early part of the year were off which caused a dip in comparison to last years crazy spring market. Homes that are priced properly are moving in a very reasonable time frame.

The supply and demand for home in Ashland has remained very consistent with not much fluctuations.  I expect the market to be steady in the coming months but not nearly as good as we saw in the Spring and early Summer. If you are a buyer and see a home that interests you then be prepared to pounce on it! There are still pockets in the market where homes sell very quickly!

Ashland had a decent month for closed transactions in August with sixteen sales. This however was down from last year in August when there were twenty two sales.

Year to date sales vs last year

There have been 98 homes sold through August. As of this same time last year there were 106 homes sold. Sales have picked up over the last few months and the market this year is now comparable to last which was not the case earlier in the year.

The above Ashland Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to see all Ashland Homes For Sale.

 

 

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