Framingham Massachusetts Real Estate Report July 2015
Do you want to see what has gone on in the Framingham Real Estate market for July, 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 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 July 2015 vs July 2014
In July of 2015 there were 72 homes that closed within the month for Framingham Real Estate. This is an decrease of 14 units sold, as there were 72 homes that closed in July of 2014.
The average list price for the homes that closed in July of 2014 was $402,431
The average list price for the homes that closed in July of 2015 was $419,862
The average sale price for the homes that closed in July of 2014 was $393,820
The average sale price for the homes that closed in July of 2015 was $417,892
The average market time for the homes that closed in July of 2014 was 59 days.
The average market time for the homes that closed in July of 2015 was 40 days.
Homes Under Contract For July 2015
52 homes went under agreement in the month of July. The average list price of the homes that went under agreement was $422,182. The average time on the market for these homes were 42 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 112 homes on the market in Framingham Massachusetts. The average list price of these homes is $525,263. The average days on the market is 77. Inventory levels decreased twelve homes for sale as their were 124 homes available for purchase last month. Inventory had been on the rise over the last few months. This is the first month in a while inventory has decreased.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
Inventory at the beginning of the year was exceptionally low but is now in a range where buyers at least have some choices when looking for a home. Inventory has been holding in a range over the last four months or so. 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.
July was a very strong month for closed properties with 72 sales. This is the second month in a row with some really great sales figures. Interestingly enough sales were down from last year in July when there were eighty six sales!
The amount of homes going under contract in July was also outstanding with 52.
Year to date there have been 319 sales. At this same point in time last year there were 298 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.