Ashland Massachusetts Real Estate Market September 2013
See what has gone on in the Ashland Real Estate market for the month of September along with year over year comparisons. Learn why buying real estate in Ashland MA is a popular choice including information on town history, schools, demographics and more.
Real Estate Activity For September 2013 vs September 2012
In September of 2013 there were 12 homes that closed within the month for Ashland MA Real Estate. This was the same amount of units, as there were 12 homes that closed in September of 2012.
The average list price for the homes that closed for September of 2012 was $329,620
The average list price for the homes that closed for September of 2013 was $470,354
The average sale price for the homes that closed for September of 2012 was $320,875
The average sale price for the homes that closed for September of 2013 was $457,100
The average market time for the homes that closed for September of 2012 was 113 days.
The average market time for the homes that closed for September of 2013 was 49 days.
Homes Under Contract For September 2013
19 homes went under agreement in the month of September. The average list price of the homes that went under agreement was $422,279. The average time on the market for these homes were 73 days. September was a very good 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 September Inventory Levels
The are currently 42 homes on the market. The average list price of these homes for sale is $428,934. The average days on the market is 192. The amount of homes for sale dropped slightly from last month and remains historically low. Over the last few months, inventory had started to creep a bit higher but has now dropped again to the lows of the entire year.
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 most of this year and have remained that way through the Summer months and now into the Fall. Low home inventory levels are always a good sign for those considering to sell their property as they typically will bring up housing prices. Inventory has slowly started to increase but not to the point where it is that noticeable. It will be interesting to see if the trend continues and how it will effect the market. Over the last few months homes that are priced properly have sold very quickly.
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 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 an average month for closed sales in September with twelve which was the same of amount of home sales last year in September. 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 the fact we do not have enough inventory for sale. Lack of inventory has continued to help real estate values.
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 118 sales. At the same time last year there were 103 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 MA Homes For Sale.