Framingham Massachusetts Real Estate Report August 2015
Do you want to see what has gone on in the Framingham Real Estate market for August, along with year over year comparisons? Take a look below for complete details on the Framingham Real Estate market. While you are here also take a look at my real estate agents guide to Framingham Mass, to learn why the town is a popular choice with home buyers, including information on town history, schools, demographics and more.
Framingham MA Real Estate Activity For August 2015 vs August 2014
In August of 2015 there were 80 homes that closed within the month for Framingham Real Estate. This is an increase of 9 units sold, as there were 71 homes that closed in August of 2014.
The average list price for the homes that closed in August of 2014 was $354,993
The average list price for the homes that closed in August of 2015 was $405,724
The average sale price for the homes that closed in August of 2014 was $351,112
The average sale price for the homes that closed in August of 2015 was $402,943
The average market time for the homes that closed in August of 2014 was 44 days.
The average market time for the homes that closed in August of 2015 was 58 days.
Homes Under Contract For August 2015
47 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $392,357. The average time on the market for these homes were 47 days. July was an outstanding month for homes going pending.
January 2012 – 2014 Final Year Real Estate Market Statistics For Framingham Massachusetts
For the period of January to December of 2014 there were 500+ properties sold.
For the period of January to December of 2013 there were 500+ properties sold.
For the period of January to December of 2012 there were 473 properties sold.
For the period of January to December in 2014 the average list price was $380,466 the average sale price was $373,815 the average market time was 60 days.
For the period of January to December in 2013 the average list price was $368,219 the average sale price was $362,717 the average market time was 63 days.
For the period of January to December in 2012 the average list price was $338,711 the average sale price was $329,877 and the average market time was 99 days.
Current July 2015 Home For Sale Inventory Levels
The are currently 104 homes on the market in Framingham Massachusetts. The average list price of these homes is $514,847. The average days on the market is 91. Inventory levels decreased by eight homes for sale as their were 112 homes available for purchase last month. Inventory had been on the rise but the last two months it has come down.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
The amount of sales in the first quarter was less than normal due to a rough winter. Inventory was also exceptionally low which kept the sales figures down. This has all changes as the Spring and Summer markets have been very vibrant. Inventory has increased throughout the year but not to the point that there is a glut of homes for sale. Inventory has been in a range of the upper 90’s to 115 homes for sale over the last few months. This at least gives a buyer a healthy sample of homes to look at in most price points.
The market certainly still favors sellers as home priced appropriately are still selling very briskly. Framingham has had a great real estate market to date with sales volume exceeding last years pace. The lower part of the market is doing exceptionally well with homes selling very quickly. Anything under $500k tends to move in a reasonable amount of time if priced properly.
August was a very strong month for closed sales with 80 homes closing. This is the third month in a row Framingham has has exceptional sales figures.
The amount of homes going under contract in August was also fantastic with 47.
Year to date there have been 399 sales. At this same point in time last year there were 369 sales.
Closed homes 2014 vs 2013.
Framingham ended 2014 with over 500 sales. This was the case in 2013 as well. The multiple listing service stops tracking the exact amount once the 500 sale mark is reached so I do not have the exact amount for each year.
The above Framingham Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
Click the link to see all Framingham Massachusetts homes for sale.
See what took place in Framingham at the link above.