Ashland Massachusetts Real Estate Market February 2014
Want to see what has gone on in the Ashland Real Estate market for the month of February along with year over year comparisons? Take a look at our reporting of the Ashland MA market. While you are here take a look at the Realtors guide to Ashland MA Real Estate where you will find out why Ashland is a popular choice for home buyers including information on town history, schools, demographics and more.
Real Estate Activity For February 2014 vs February 2013
In February of 2014 there were 5 homes that closed within the month for Ashland MA Real Estate. This was an decrease of 3 units, as there were 8 homes that closed in February of 2013.
The average list price for the homes that closed for February of 2013 was $328,201
The average list price for the homes that closed for February of 2014 was $280,180
The average sale price for the homes that closed for February of 2013 was $312,250
The average sale price for the homes that closed for February of 2014 was $3270,280
The average market time for the homes that closed for February of 2013 was 134 days.
The average market time for the homes that closed for February of 2014 was 103 days.
Homes Under Contract For February 2014
6 homes went under agreement in the month of February. The average list price of the homes that went under agreement was $379,550. The average time on the market for these homes were 62 days. February was another slow month for homes going under contract. This was not be be unexpected as inventory is so low and we are in a slower seasonal period.
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 Home For Sale January Inventory Levels
The are currently 23 homes on the market. The average list price of these homes for sale is $443,230. The average days on the market is 136. The amount of homes for sale stayed exactly the same as last month when there was 23 homes for sale as well.. Inventory levels are now substantially below their historical lows. Over the last couple of months, inventory has been decreasing.
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 Real Estate Analysis
The market is shaping up to be one that favors sellers as inventory is super tight. When a new property enters the market in the next few months buyers are going to need to move fast or will lose out on the property. This market looks very similar to what it looked like last year at this time.
Ashland had a slow month for closed transactions in February with only five sales which is down from last year when there were 8 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 homes for buyers to look at.
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 Massachusetts Homes For Sale.