Framingham Massachusetts Real Estate Report January 2015
Do you want to see what has gone on in the Framingham Real Estate market for January 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 the 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 January 2015 vs January 2014
In January of 2015 there were 39 homes that closed within the month for Framingham Real Estate. This is an increase of 12 units sold, as there were 27 homes that closed in January of 2014.
The average list price for the homes that closed in January of 2014 was $372,635
The average list price for the homes that closed in January of 2015 was $384,647
The average sale price for the homes that closed in January of 2014 was $369,185
The average sale price for the homes that closed in January of 2015 was $376,141
The average market time for the homes that closed in January of 2014 was 72 days.
The average market time for the homes that closed in January of 2015 was 64 days.
Homes Under Contract For January 2015
21 homes went under agreement in the month of January. The average list price of the homes that went under agreement was $361,938. The average time on the market for these homes were 89 days. January was a fair month for homes going under agreement.
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 January 2015 Home For Sale Inventory Levels
The are currently 41 homes on the market in Framingham Massachusetts. The average list price of these homes is $552,956 The average days on the market is 165. Inventory levels dropped again last month as has been the case for the last few. A fair amount amount of these homes are people who are taking their properties off the market for the winter and will re-try again in the spring.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
Inventory had been trending upwards over the course of the end of the year but changed rapidly over the last few months and now is at record low levels. With only around forty homes for sale there are very few choices for buyers. While the market right now is typically more quite this will change rapidly over the next few months.
The market is set up well for home sellers this spring. With inventory so low buyers are going to have a lot of competition for homes they are interested in purchasing. It will not be unusual to see multiple offers and bidding wars.
Sales for 2014 were nearly identical to what we saw in 2013. Overall the market was excellent.
January was a good month for closed sales with 39 sales. This was up from last year at the same time when there were 27 sales.
The amount of homes going pending in January was not quite as good with 21.
Closed homes this year vs last
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.