Ashland MA Real Estate Market Report July 2014

Ashland Massachusetts Real Estate Market July 2014

Do you want to see what has gone on in the Ashland Real Estate market for the month of July 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 what’s to love about Ashland 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.

Ashland MA Real Estate Market Report

 

 

 

 

 

 

Real Estate Activity For July 2014 vs July 2013

In July of 2014 there were 20 homes that closed within the month for Ashland MA Real Estate. This was an increase of 8 units, as there were 12 homes that closed in July of 2013.

The average list price for the homes that closed for July of 2013 was $420,785

The average list price for the homes that closed for July of 2014 was $430,535

The average sale price for the homes that closed for July of 2013 was $420,129

The average sale price for the homes that closed for July of 2014 was $430,310

The average market time for the homes that closed for July of 2013 was 38 days.

The average market time for the homes that closed for July of 2014 was 54 days.

Homes Under Contract For July 2014

14 homes went under agreement in the month of July. The average list price of the homes that went under agreement was $473,064. The average time on the market for these homes were 37 days. July was a pretty good 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 July Home For Sale May Inventory Levels

The are currently 45 homes on the market. The average list price of these homes for sale is $451,023. The average days on the market is 103. The amount of homes for sale increased by six homes over last months levels. Added inventory and the amount of sales have been running pretty close from month to month.

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

We are now coming out of what is considered the best time of year to sell a home. The market had been under performing by a fairly large margin but sales have been rapidly catching up to the pace we saw last year. Sales in the early part of the year were off which caused a dip in comparison to last years torrid spring. Homes that are priced correctly are still moving at a pretty steady pace.

There are some communities where inventory is growing so this bears watching. Ashland has not had a significant change yet as supply and demand are in balance. I expect the market to be steady in the coming months but a slow taper from the activity in the Spring. 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 an excellent month for closed transactions in July with twenty sales. This was up from last year in July when there were twelve sales.

Year to date sales vs last year

There have been 79 homes sold through June. As of this same time last year there were 84 homes sold. Sales have picked up over the last few months and the market this year is now comparable to last.

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 Mass Homes For Sale.

 

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