Ashland Massachusetts Real Estate Market May 2014
Do you want to see what has gone on in the Ashland Real Estate market for the month of May 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 a guide to 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.
Real Estate Activity For May 2014 vs May 2013
In May of 2014 there were 13 homes that closed within the month for Ashland MA Real Estate. This was an decrease of 2 units, as there were 15 homes that closed in May of 2013.
The average list price for the homes that closed for May of 2013 was $413,996
The average list price for the homes that closed for May of 2014 was $377,892
The average sale price for the homes that closed for May of 2013 was $411,527
The average sale price for the homes that closed for May of 2014 was $372,231
The average market time for the homes that closed for May of 2013 was 37 days.
The average market time for the homes that closed for May of 2014 was 24 days.
Homes Under Contract For May 2014
13 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $473,677. The average time on the market for these homes were 24 days. May was a good month for homes going pending. There was a large uptick in the volume of real estate activity this month.
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 May Inventory Levels
The are currently 40 homes on the market. The average list price of these homes for sale is $473,677. The average days on the market is 111. The amount of homes for sale went up again from last month, although ever so slightly with just three homes added to the current inventory. t This trend of increased inventory will more than likely continue over the next few months as it typically does in 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
We are now in the middle of the peak selling season and sales are down for the year by a fairly large margin from last year. Activity has increased quite a bit over the last month. We really got a slow start to the year with the brutal Winter we went through. Homes are now going under contract quickly as you would expect for this time of year. I expect the market to be steady in the coming months but nothing like the frenzy we saw last year. If you are a buyer and see a home that interests you then be prepared to pounce on it! Homes that are priced correctly will not last in this market.
Ashland had a decent month for closed transactions in May with thirteen sales which was down from last year when there were fifteen homes sold. Month by month so far this year the market has trailed the performance of last year.
Year to date sales vs last year
There have been 41 homes sold through April. As of this same time last year there were 55 homes sold.
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.