Framingham MA Real Estate Market Report October 2012

Framingham Massachusetts Real Estate Report October 2012

Framingham MA Real Estate

 

 

 

 

 

Framingham MA Real Estate Activity For October 2012 vs October 2011

In October of 2012 there were 32 homes that closed within the month for Framingham. This is an increase of 1 unit, as there were 31 homes that closed in October of 2011. The amount of closed sales in October was pretty decent amount for this time of year.

The Average list price for the homes that closed in Framingham for October of 2011 was $316,434

The Average list price for the homes that closed in Framingham for October of 2012 was $336,288

The Average sale price for the homes that closed in Framingham for October of 2011 was $302,616

The Average sale price for the homes that closed in Framingham for October of 2012 was $326,274

The Average Market time for the homes that closed in Framingham for October of 2011 was 106 days.

The Average Market time for the homes that closed in Framingham for October of 2012 was 60 days.

Framingham MA Homes Under Contract For October 2012

28 homes went under agreement in Framingham Massachusetts in the month of October. The average list price of the homes that went under agreement was $343,828. The average time on the market for these Framingham homes were 37 days. October was a good month for homes going under contract.

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 151 homes on the market in Framingham Massachusetts. The average list price of these homes is $402,634. The average days on the market is 150.

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 gone down as we have moved out of the Fall selling season and into the Winter market. Sales  outpacing new homes entering the market during the last months time frame. 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. October was a good month for closed home sales! There were 32 closed properties which is a healthy amount of sales! The amount of homes going under contract in October were also very strong. The Framingham real estate market has fared remarkable well when compared to some of the other local area towns.

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.

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About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty seven plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2013 he was the #1 RE/MAX agent in Massachusetts. Connect with him on

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Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston,, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge , Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett was the #1 RE/MAX Realtor in all of Massachusetts in 2013.