Framingham MA Real Estate Market Report May 2012

Framingham Massachusetts Real Estate Market Overview May 2012

Framingham MA Real Estate

 

 

 

 

 

Framingham MA Real Estate Activity For May 2012 vs May 2011

In May of 2012 there were 37 homes that closed within the month for Framingham MA. This is an decrease of 1 unit, as there were 38 homes that closed in May of 2011.

The Average list price for the homes that closed in Framingham for May of 2011 was $289,958

The Average list price for the homes that closed in Framingham for May of 2012 was $362,868

The Average sale price for the homes that closed in Framingham for May of 2011 was $277,733

The Average sale price for the homes that closed in Framingham for May of 2012 was $357,256

The Average Market time for the homes that closed in Framingham for May of 2011 was 88 days.

The Average Market time for the homes that closed in Framingham for May of 2012 was 113 days.

Framingham MA Homes Under Contract For May 2012

48 homes went under agreement in Framingham Massachusetts in the month of May. The average list price of the homes that went under agreement was $353,034. The average time on the market for these Framingham homes were 58 days. May was an outstanding month for homes going under contract in Framingham!

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 Inventory Levels

The are currently 177 homes on the market in Framingham Massachusetts. The average list price of the Framingham homes is $415,679. The average days on the market is 122.

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 Framingham market. Over all 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 in Framingham have remained consistent as we have moved toward the end of  the Spring selling season. Sales have been keeping pace with new homes entering the market. Lower home inventory levels are always a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values.

The above Framingham Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

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