Ashland MA Real Estate Market Report June 2014

Ashland Massachusetts Real Estate Market June 2014

Do you want to see what has gone on in the Ashland Real Estate market for the month of June 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 June 2014 vs June 2013

In June of 2014 there were 15 homes that closed within the month for Ashland MA Real Estate. This was an decrease of 2 units, as there were 1 homes that closed in June of 2013.

The average list price for the homes that closed for June of 2013 was $328,082

The average list price for the homes that closed for June of 2014 was $400,073

The average sale price for the homes that closed for June of 2013 was $324,932

The average sale price for the homes that closed for June of 2014 was $395,528

The average market time for the homes that closed for June of 2013 was 61 days.

The average market time for the homes that closed for June of 2014 was 57 days.

Homes Under Contract For June 2014

15 homes went under agreement in the month of June. The average list price of the homes that went under agreement was $424,180. The average time on the market for these homes were 43 days. June was a 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 June Home For Sale May Inventory Levels

The are currently 39 homes on the market. The average list price of these homes for sale is $480,951. The average days on the market is 98. The amount of homes for sale stayed almost the same as last month. There is now one less home for sale. More than likely inventory to sales should stay in line with one another over the next couple of 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

We are now coming out of what is considered the best time of year to sell a home. So far this year the market has underperformed as compared to last year covering the same time period. This year we got off to a slow start but sales have increased quite a bit over the last few months. I would characterize the year so far as being much more normal. The amount of homes for sale is still on the low side compared to historical levels. Homes that are priced properly are still selling fairly quickly.

What needs to be watched carefully is whether inventory increases beyond demand. So far this has not been the case but inventory in some other town has slowly been increasing.  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 a decent month for closed transactions in June with fifteen sales. This was done slightly from the same period last year when there were seventeen sales.

Year to date sales vs last year

There have been 58 homes sold through May. As of this same time last year there were 72 homes sold. As you can see a fairly large difference.

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.

 

 

 

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