Framingham Massachusetts Real Estate Report October 2015
Do you want to see what has gone on in the Framingham Real Estate market for October, 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 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 October 2015 vs October 2014
In October of 2015 there were 39 homes that closed within the month for Framingham Real Estate. This is an decrease of 17 units sold, as there were 56 homes that closed in October of 2014.
The average list price for the homes that closed in October of 2014 was $374,416
The average list price for the homes that closed in October of 2015 was $382,836
The average sale price for the homes that closed in October of 2014 was $365,459
The average sale price for the homes that closed in October of 2015 was $377,564
The average market time for the homes that closed in October of 2014 was 41 days.
The average market time for the homes that closed in October of 2015 was 28 days.
Homes Under Contract For October 2015
41 homes went under agreement in the month of October. The average list price of the homes that went under agreement was $444,849. The average time on the market for these homes were 44 days. October was a 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 October 2015 Home For Sale Inventory Levels
The are currently 125 homes on the market in Framingham Massachusetts. The average list price of these homes is $550,235. The average days on the market is 90. Inventory levels decreased by small amount as there were 134 homes available for purchase last month.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
Framingham started the year slow like a number of communities did due to brutal weather but other than that it has been a spectacular year for sales volume. Sales rapidly caught up to the pace set the previous year in the spring and summer and overtook them a few months ago.
Inventory has been rising throughout the year but not to the point that there is a glut of homes for sale. Inventory this past month barely moved at all. Moving forward it is unlikely that inventory will change dramatically one way or the other as fewer people will put their homes up for sale during the holidays.
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 by quite a wide margin. 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.
October was a very lagging month for closed sales with 39 homes closing. This was down from the same period last year when there was 56 properties that sold.
The amount of homes going under contract in October was pretty good with 41.
Year to date there have been over 500 sales. At this same point in time last year there were 466 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.