Ashland Massachusetts Real Estate Market January 2014
Want to see what has gone on in the Ashland Real Estate market for the month of January 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 January 2014 vs January 2013
In January of 2014 there were 10 homes that closed within the month for Ashland MA Real Estate. This was an increase of 1 unit, as there were 9 homes that closed in January of 2013.
The average list price for the homes that closed for January of 2013 was $312,167
The average list price for the homes that closed for January of 2014 was $355,205
The average sale price for the homes that closed for January of 2013 was $300,367
The average sale price for the homes that closed for January of 2014 was $341,160
The average market time for the homes that closed for January of 2013 was 101 days.
The average market time for the homes that closed for January of 2014 was 106 days.
Homes Under Contract For January 2014
4 homes went under agreement in the month of January. The average list price of the homes that went under agreement was $224,225. The average time on the market for these homes were 58 days. January was a slower month for homes going under contract, as it typically is not a month where you would expect robust sales figures. January is usually one of the slowest months of the year 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 Home For Sale January Inventory Levels
The are currently 23 homes on the market. The average list price of these homes for sale is $434,678. The average days on the market is 169. The amount of homes for sale went up minimally from last month when there were 22 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 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.
Everything seems to be falling into place for the real estate market to mirror what happened at the beginning of last year 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.
Ashland had a good month for closed transactions in January with ten sales which up from last year when there were 9 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.
For 2013 there were 153 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.
Click the link to see all Ashland Massachusetts Homes For Sale.