Framingham Massachusetts Real Estate Report December 2012
Framingham MA Real Estate Activity For December 2012 vs December 2011
In December of 2012 there were 40 homes that closed within the month for Framingham MA. This is an increase of 6 units, as there were 34 homes that closed in December of 2011. The amount of closed sales in December was exceptional for this time of year.
The Average list price for the homes that closed in December of 2011 was $318,896
The Average list price for the homes that closed in December of 2012 was $345,394
The Average sale price for the homes that closed in December of 2011 was $304,429
The Average sale price for the homes that closed in December of 2012 was $337,188
The Average Market time for the homes that closed in December of 2011 was 105 days.
The Average Market time for the homes that closed in December of 2012 was 108 days.
Framingham MA Homes Under Contract For December 2012
22 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $348,043. The average time on the market for these homes were 170 days. November was a decent month for homes going under contract.
January 2009 – 2011 Final Year Real Estate Market Statistics For Framingham Massachusetts
In Framingham MA for the period of January to December of 2011 there were 393 properties sold.
In Framingham MA for the period of January to December of 2010 there were 429 properties sold.
In Framingham MA for the period of January to December 2009 there were 442 properties sold.
In Framingham MA for the period of January to December in 2011 the average list price was $333,048 the average sale price was $320,743 the average market time was 99 days.
In Framingham MA for the period of January to December in 2010 the average list price was $331,512 the average sale price was $322,233 and the average market time was 93 days.
In Framingham MA for the period of January to December in 2009 the average list price was $330,974 the average sale price was $321,227 and the average time on the market was 106 days.
Current Framingham MA December Inventory Levels
The are currently 93 homes on the market in Framingham Massachusetts. The average list price of these homes is $420,475. The average days on the market is 179. Inventory levels are at the lowest they have been all year.
Framingham MA Real Estate Market Analysis
In 2011 the Framingham Real Estate market had a decrease in the amount of homes sold as compared to 2010 although not a substantial difference. Homes priced properly generally moved on average in a 3-4 month time period. There was still a downward trend in Real Estate values through out the year but the weakness occurred mostly in the upper end of the market (over 500k).
The average days on market was substantially similar to the previous two years. The lower end of the market (under 400k) remained strong with values holding firmer than in the upper ends of the market. Overall the Framingham MA Real Estate market has been fairly consistent over the last three years with a slight trend downward for values.
Current home inventory levels have are the lowest they have been all year as we head into 2013. I can not remember the last time there were under a 100 homes for sale in town! Sales have continued to outpace new homes entering the market by a large margin over the last few months. Lower home inventory levels are always great for those considering to sell their home as supply and demand is always a factor with Real Estate values.
December was an outstanding month for closed home sales! There were 40 closed properties which is an incredible amount of sales for this time of year! December is typically one of the slowest time periods for closings. The amount of homes going under contract in December was decent given we are at year end. The Framingham real estate market was exceptional in 2012 especially when compared to some of the other local area towns.
For 2012 the total number of sales was 473! In 2011 there were only 394 sales. This is about a 16% increase which is absolutely fantastic! There are not many towns that show such an increase in sales volume. Framingham had a very good year! All signs point to a market that may have hit bottom
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 MA homes for sale.Framingham MA Real Estate Market Report December 2012 by Bill Gassett