Ashland Massachusetts Real Estate Market December 2013
Want to see what has gone on in the Ashland Real Estate market for the month of December along with year over year comparisons? Take a look at our reporting of the market. Also learn why buying realty in Ashland MA is a popular choice including information on town history, schools, demographics and more.
Real Estate Activity For December 2013 vs December 2012
In December of 2013 there were 11 homes that closed within the month for Ashland MA Real Estate. This was an decrease of 7 units, as there were 18 homes that closed in December of 2012.
The average list price for the homes that closed for December of 2012 was $408,018
The average list price for the homes that closed for December of 2013 was $421,081
The average sale price for the homes that closed for December of 2012 was $400,244
The average sale price for the homes that closed for December of 2013 was $409,362
The average market time for the homes that closed for December of 2012 was 85 days.
The average market time for the homes that closed for December of 2013 was 59 days.
Homes Under Contract For December 2013
9 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $450,278. The average time on the market for these homes were 84 days. December was a good month for homes going under contract, as it typically is not a month where you would expect robust sales figures. December is usually one of the slowest months of the year for homes going under contract.
January 2010 – 2012 Final Year Real Estate Market Statistics For Ashland Massachusetts
For the period of January to December of 2012 there were 129 properties sold.
For the period of January to December of 2011 there were 96 properties sold.
For the period of January to December 2010 there were 109 properties sold.
For the period of January to December in 2012 the average list price was $364,037 the average sale price was $354,900, 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 market time was 96 days.
For the period of January to December in 2010 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 Home For Sale October Inventory Levels
The are currently 21 homes on the market. The average list price of these homes for sale is $435,076. The average days on the market is 236. The amount of homes for sale dropped substantially from last month when there were 34 homes for sale. Inventory levels are now substantially below their historical lows. Over the last couple of months, inventory has continued to drop.
Ashland MA Real Estate Market Analysis
In 2012 the Ashland Real Estate market had a brisk increase in the number of sales compared to 2011. Homes priced properly generally went under contract in a 60-90 day window. The average time ended up being around 3.5 months. The average sales price dropped from the previous year although this can be a misleading statistic when fewer upper end homes get sold because it drives down the average. The lower end of the market (under 300k) remained strong with real estate values for the most part holding steady. The upper end saw a slight erosion in value but nothing significant.
There were 129 closings for 2012. In 2011 there were 97 home sales. As you can see from the data there were significantly more sales than a year ago. All indications are we may be near a market bottom.
Home inventory levels have been consistently below the averages of the last 4-5 years throughout the entire year. This of course is what has spurred the Real Estate recovery for the 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. The amount of homes for sale in Ashland right now is just mind boggling! I can not ever remember a time in my twenty six years selling homes that there were so few homes for sale.
It will be interesting to see if the the amount of housing remains low over the next few months. I suspect it will as not many people put their homes on the market at this time of year. Everything seems to be falling into place for the real estate market to mirror what happened last Spring when there were so few homes for sale and an increasing buyer pool. My bet is we see something very similar this Spring as well.
The real estate market right now nothing like it was over the last few years when real estate values were slumping. There has not been a better time to sell a home in Ashland in a very long time.
Ashland had a good month for closed transactions in December with Nine which up from last year when there were only 3 homes sold. The amount of homes sold probably would have been higher if not for the fact there are so few homes for sale. Sales volume has been held back by the fact we do not have enough inventory for sale.
For 2013 there were 152 sales. In 2012 there were only 129 so Ashland saw a significant jump in their sales volume.
The above Ashland Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
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