Ashland MA Real Estate Market Report November 2013

Ashland Massachusetts Real Estate Market November 2013

Want to see what has gone on in the Ashland Real Estate market for the month of October along with year over year comparisons? Take a look at our reporting of the market. Also learn why buying realty in Ashland MA is a popular choice including information on town history, schools, demographics and more.

Ashland MA Real Estate Market Report

 

 

 

 

 

 

Real Estate Activity For November 2013 vs November 2012

In November of 2013 there were 11 homes that closed within the month for Ashland MA Real Estate. This was an decrease of 7 units, as there were 18 homes that closed in November of 2012.

The average list price for the homes that closed for November of 2012 was $408,018

The average list price for the homes that closed for November of 2013 was $421,081

The average sale price for the homes that closed for November of 2012 was $400,244

The average sale price for the homes that closed for November of 2013 was $409,362

The average market time for the homes that closed for November of 2012 was 85 days.

The average market time for the homes that closed for November of 2013 was 59 days.

Homes Under Contract For November 2013

8 homes went under agreement in the month of  November. The average list price of the homes that went under agreement was $335,631. The average time on the market for these homes were 66 days. November was a decent month for homes going under contract, when compared to last month. Typically this is a slower time of year for Real Estate sales.

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 October Inventory Levels

The are currently 34 homes on the market. The average list price of these homes for sale is $432,335. The average days on the market is 221. The amount of homes for sale dropped by six homes from last month and remains around the historic low. Over the last couple of months, inventory had started to edge up a bit but is now back down to the yearly low.

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.

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.

Home inventory levels have been consistently below the averages of the last 4-5 years throughout the entire year. This of course is what has spurred the Real Estate recovery for the 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. It will be interesting to see if the the amount of housing remains low over the next few months. I suspect it will as not many people put their homes on the market at this time of year.

Due to the low inventory there are a number of properties that received multiple bids throughout the year but especially so in the vibrant Spring market we had this year.

The real estate market right now is completely different than what we have experienced 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 a very average month for closed transactions in November with thirteen which was down from last year when there was seventeen. The amount of homes sold probably would have been higher if not for the fact there are so few homes for sale. Sales volume has been held back by the fact we do not have enough inventory for sale.

Year to date there have been 143 sales. At the same time last year there were 126 home sales.

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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