Ashland Massachusetts Real Estate Market May 2013
Ashland MA Real Estate Activity For May 2013 vs May 2012
In May of 2013 there were 13 homes that closed within the month for Ashland MA Real Estate. This was a decrease of 6 units, as there were 19 homes that closed in May of 2012.
The average list price for the homes that closed for May of 2012 was $326,132
The average list price for the homes that closed for May of 2013 was $428,080
The average sale price for the homes that closed for May of 2012 was $314,587
The average sale price for the homes that closed for May of 2013 was $424,838
The average market time for the homes that closed for May of 2012 was 148 days.
The average market time for the homes that closed for May of 2013 was 40 days.
Homes Under Contract For May 2013
20 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $376,036. The average time on the market for these homes were 93 days. May was an excellent month for homes going under contract, especially given the fact that inventory is so low. As fast as homes are listed right now they are going under contract if priced correctly.
January 2010 – 2012 Final Year Real Estate Market Statistics For Ashland Massachusetts
For the period of January to December of 2012 there were 129 properties sold.
For the period of January to December of 2011 there were 96 properties sold.
For the period of January to December 2010 there were 109 properties sold.
For the period of January to December in 2012 the average list price was $364,037 the average sale price was $354,900, 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 market time was 96 days.
For the period of January to December in 2010 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 May Inventory Levels
The are currently 34 homes on the market. The average list price of these homes for sale is $479,196. The average days on the market is 211. The amount of homes for sale is as low as I can ever remember. Over the last few months, inventory has continued to drop.
Ashland MA Real Estate Market Analysis
In 2012 the Ashland Real Estate market had a brisk increase in the number of sales compared to 2011. Homes priced properly generally went under contract in a 60-90 day window. The average time ended up being around 3.5 months. The average sales price dropped from the previous year although this can be a misleading statistic when fewer upper end homes get sold because it drives down the average. The lower end of the market (under 300k) remained strong with real estate values for the most part holding steady. The upper end saw a slight erosion in value but nothing significant.
Home inventory levels have been low throughout the latter half of the past year and have remained that way as we head into the prime selling season. Low home inventory levels are always a good sign for those considering to sell their property as they typically will bring up housing prices. In fact over the last few months the market has been characterized by homes going pending at a lightening quick pace. In some cases there are home that are receiving multiple offers with sale prices being bid up over asking. The real estate market right now is completely different than what it has been like over the last few years. There has not been a better time to sell a home in Ashland in a very long time.
Ashland had an average month for closed sales in April with thirteen. The number of home sales in May was better than this year. This however, has nothing to do with the market being slower but the lack of available homes for sale.There would be far more sales but with inventory remaining low this has caused sales to be lower than what you would expect.
There were 129 closings for 2012. In 2011 there were 97 home sales. As you can see from the data there were significantly more sales than a year ago. All indications are we may be near a market bottom.
Year to date there have been 53 sales. At the same time last year there were 45 home sales.
The above Ashland Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
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