Ashland Massachusetts Real Estate Market March 2014
Want to see what has gone on in the Ashland Real Estate market for the month of March 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 take a look at the Realtors guide to Ashland MA, 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 March 2014 vs March 2013
In March of 2014 there were 7 homes that closed within the month for Ashland MA Real Estate. This was an decrease of 4 units, as there were 11 homes that closed in March of 2013.
The average list price for the homes that closed for March of 2013 was $366,127
The average list price for the homes that closed for March of 2014 was $381,600
The average sale price for the homes that closed for March of 2013 was $362,959
The average sale price for the homes that closed for March of 2014 was $375,029
The average market time for the homes that closed for March of 2013 was 88 days.
The average market time for the homes that closed for March of 2014 was 54 days.
Homes Under Contract For March 2014
9 homes went under agreement in the month of March. The average list price of the homes that went under agreement was $486,788. The average time on the market for these homes were 121 days. March was a good month for homes going under contract. The market is certainly starting to heat up as you would expect as we enter a better time of the year for real estate sales.
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 March Inventory Levels
The are currently 29 homes on the market. The average list price of these homes for sale is $438,880. The average days on the market is 129. The amount of homes for sale went up from last month by eight homes but remains incredibly low by historical standards. It is expected that the number of homes for sale will increase over the next few months. This is traditionally what happens as we enter the Spring selling season.
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 starting to show signs of life with more homes coming on the market and homes selling pretty quickly. It is expected to be a very vibrant Spring with homes that are priced properly selling very quickly. If you are a buyer and see a home that interests you then be prepared to pounce on it!This market looks very similar to what it looked like last year at this time.
Ashland did not have a robust month for closed transactions in March with only seven sales which is down from last year when there were 11 homes sold. This was due to the lack of homes for sale more than anything else. The amount of home sales has been held back by inventory constraints along with a brutal Winter. This should all change very soon as we head into the best time of year to sell a home.
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.