Ashland Massachusetts Real Estate Market November 2014
Do you want to see what has happened in the Ashland Real Estate market for the month of November along with year over year comparisons? Below you will see a comprehensive overview of the market in town for the past month as well as year over year results. While you are checking out the Ashland Real Estate report have a look at a realtor guide to Ashland MA Real Estate. See why Ashland is a popular choice of many home buyers relocating into the Metrowest area!
Real Estate Activity For November 2014 vs November 2013
In November of 2014 there were 10 homes that closed within the month for Ashland MA Real Estate. This was a decrease of 1 unit, as there were 1 homes that closed in November of 2013.
The average list price for the homes that closed for November of 2013 was $379,638
The average list price for the homes that closed for November of 2014 was $380,537
The average sale price for the homes that closed for November of 2013 was $367,718
The average sale price for the homes that closed for November of 2014 was $368,450
The average market time for the homes that closed for November of 2013 was 42 days.
The average market time for the homes that closed for November of 2014 was 105 days.
Homes Under Contract For November 2014
6 homes went under agreement in the month of November. The average list price of the homes that went under contract was $468,767. The average time on the market for these homes were 101 days. Given the fact November is always a slower time of year, 6 home going under contract was not bad.
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 November Home For Sale Inventory Levels
The are currently 24 homes on the market. The average list price of these homes for sale is $524,133. The average days on the market is 245. The amount of homes for sale decreased by three homes for sale over last months levels. Inventory levels had been trending in a fairly tight range but over the last two months there has been a dramatic drop in inventory available for purchase. The amount of homes for sale is at historic lows.
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
Ashland’s real estate market this year has been remarkably similar to last. There was a larger gap in the amount of sales earlier in the year but the gap has been closed considerably. There has been a steady amount of homes sold each month. The number of homes for sale is as low as it’s been all year and will certainly contribute to lower amount of sales going forward. The time of the year will also have an impact as well given we are in the slowest season for sales. This is likely not going to change until the first couple of months of 2015.
One thing that has already become apparent is a slow down in the number of people looking at homes. Showing activity has dropped considerably.
Ashland had a decent month for closed transactions in November with ten sales. This was a similar amount of sales as last year when there were eleven.
Year to date sales vs last year
There have been 136 homes sold through November. As of this same time last year there were 143 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 Mass Homes For Sale.