Framingham Massachusetts Real Estate Report September 2015
Do you want to see what has gone on in the Framingham Real Estate market for September, 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 September 2015 vs September 2014
In September of 2015 there were 80 homes that closed within the month for Framingham Real Estate. This is an increase of 9 units sold, as there were 71 homes that closed in September of 2014.
The average list price for the homes that closed in September of 2014 was $381,368
The average list price for the homes that closed in September of 2015 was $393,210
The average sale price for the homes that closed in September of 2014 was $381,085
The average sale price for the homes that closed in September of 2015 was $380,519
The average market time for the homes that closed in September of 2014 was 60 days.
The average market time for the homes that closed in September of 2015 was 47 days.
Homes Under Contract For September 2015
33 homes went under agreement in the month of September. The average list price of the homes that went under agreement was $389,670. The average time on the market for these homes were 33 days. September was a strong 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 September 2015 Home For Sale Inventory Levels
The are currently 136 homes on the market in Framingham Massachusetts. The average list price of these homes is $513,579. The average days on the market is 88. Inventory levels increased by a substantial amount as there were 104 homes available for purchase last month. This one of the largest increases in inventory we have experienced in a while.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
While the first quarter of the year got off to a slow start, the second and third quarters of the year have been anything but. Sales in Framingham have come on like gang busters and are now significantly ahead of where they were at this same point in time last year. Inventory has been rising throughout the year but not to the point that there is a glut of homes for sale. This past month however was one of the largest increases in some time. This bears watching as adding thirty homes to the inventory levels is substantial. This of course is good news for buyers who have had a smaller pool of homes to look at.
The market certainly still favors sellers and homes priced as they should are still selling very briskly. Framingham has had a great real estate market to date 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.
September was a very good month for closed sales with 56 homes closing. This is now the fourth month in a row Framingham has had exceptional sales volume.
The amount of homes going under contract in September was pretty good with 33.
Year to date there have been 461 sales. At this same point in time last year there were 410 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.