Framingham Massachusetts Real Estate Report November 2015
Do you want to see what has gone on in the Framingham Real Estate market for November, 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 my real estate agents guide for 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 November 2015 vs November 2014
In November of 2015 there were 44 homes that closed within the month for Framingham Real Estate. This is an decrease of 13 units sold, as there were 57 homes that closed in November of 2014.
The average list price for the homes that closed in November of 2014 was $365,442
The average list price for the homes that closed in November of 2015 was $401,780
The average sale price for the homes that closed in November of 2014 was $353,093
The average sale price for the homes that closed in November of 2015 was $396,502
The average market time for the homes that closed in November of 2014 was 46 days.
The average market time for the homes that closed in November of 2015 was 30 days.
Homes Under Contract For November 2015
36 homes went under agreement in the month of November. The average list price of the homes that went under agreement was $370,336. The average time on the market for these homes were 42 days. November was a pretty good 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 November 2015 Home For Sale Inventory Levels
The are currently 93 homes on the market in Framingham Massachusetts. The average list price of these homes is $642,381. The average days on the market is 102. Inventory levels decreased by a substantial amount as there were 125 homes available for purchase last month. This is the second month in a row inventory has dropped by a large margin.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
Framingham has had another solid year in terms of the number of sales. Much like last year Framingham is one of the top performing towns in the area. While the year started off slowly the middle and latter half of the year were exceptional.
Inventory rose throughout much the year but over the last few months is has been dropping rapidly. Part of this is due to the fact that a number of people have taken their homes off the market for the holidays and will more than likely try again in the Spring.
The market still favors sellers and when homes are priced properly they move fairly quickly. Framingham’s real estate market has remained strong 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.
November was an average month for closed sales with 36 homes closing. This was down quite a bit from the same period last year when there was 57 properties that sold.
The amount of homes going under contract in November was pretty good with 36.
Year to date there have been over 500 sales. At this same point in time last year there were over 500 sales as well.
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.