Framingham Massachusetts Real Estate Report March 2013
Framingham MA Real Estate Activity For March 2013 vs March 2012
In March of 2013 there were 20 homes that closed within the month for Framingham Real Estate. This is the same amount of units, as there were 20 homes that closed in March of 2012. The amount of closed sales in February average for this time of year.
The Average list price for the homes that closed in March of 2012 was $287,687
The Average list price for the homes that closed in March of 2013 was $318,373
The Average sale price for the homes that closed in March of 2012 was $275,183
The Average sale price for the homes that closed in March of 2013 was $307,468
The Average Market time for the homes that closed in March of 2012 was 101 days.
The Average Market time for the homes that closed in March of 2013 was 140 days.
Homes Under Contract For March 2013
34 homes went under agreement in the month of March. The average list price of the homes that went under agreement was $354,883. The average time on the market for these homes were 63 days. March was an excellent month for homes going under contract.
January 2010 – 2012 Final Year Real Estate Market Statistics For Framingham Massachusetts
For the period of January to December of 2012 there were 473 properties sold.
For the period of January to December of 2011 there were 394 properties sold.
For the period of January to December 2010 there were 429 properties sold.
For the period of January to December in 2012 the average list price was $338,711 the average sale price was $329,877 the average market time was 94 days.
For the period of January to December in 2011 the average list price was $333,048 the average sale price was $320,743 and the average market time was 99 days.
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 time on the market was 93 days.
Current March 2013 Home For Sale Inventory Levels
The are currently 109 homes on the market in Framingham Massachusetts. The average list price of these homes is $464,662. The average days on the market is 133. Inventory levels are up slightly over last month.
Framingham MA Real Estate Market Analysis
In 2012 the Framingham Real Estate market had a substantial increase in the amount of homes sold as compared to 2011. This was one of the top performing towns in the entire Metrowest area! Homes priced properly generally moved on average in a 3-4 month time period. Real Estate values firmed quite a bit especially in the lower end of the market. This was especially true as we moved toward the latter part of the year as home inventory continued to drop. Home is the in the upper end of the market (over 500k) took a little longer to sell than those under this price point.
The average days on market was substantially similar to the previous two years although a little better in 2012. 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.
Current home inventory levels are near the lowest levels they have been in quite some time as we head into April. There were an additional ten homes added to the inventory levels which is not much. Sales have been very steady over the last few months with the market remaining quite active. Inventory should start to increase however, as we head into the Spring market which is traditionally the time most homes are put up for sale. 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.
March was a good month for closed home sales! There were 35 closed properties which is a healthy amount of sales for March. March is typically the first month you see more closings taking place. The amount of homes going under contract in March was fantastic.
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 were not many towns that showed such an increase in sales volume. Framingham had a very good year! All signs point to a market that may have hit bottom.
So far there have been 78 home sales to date this year. At this same point in time last year there were 79 sales.
For additional information on Framingham Massachusetts see the Framingham community guide.
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.