Framingham Massachusetts Real Estate Report May 2015
Do you want to see what has gone on in the Framingham Real Estate market for May, 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 the 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 May 2015 vs May 2014
In May of 2015 there were 44 homes that closed within the month for Framingham Real Estate. This is an decrease of 8 units sold, as there were 52 homes that closed in May of 2014.
The average list price for the homes that closed in May of 2014 was $382,727
The average list price for the homes that closed in May of 2015 was $394,154
The average sale price for the homes that closed in May of 2014 was $378,594
The average sale price for the homes that closed in May of 2015 was $391,375
The average market time for the homes that closed in May of 2014 was 41 days.
The average market time for the homes that closed in May of 2015 was 39 days.
Homes Under Contract For May 2015
50 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $415,340. The average time on the market for these homes were 34 days. May was an exceptional month for homes going under agreement.
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 May 2015 Home For Sale Inventory Levels
The are currently 116 homes on the market in Framingham Massachusetts. The average list price of these homes is $531,063. The average days on the market is 66. Inventory levels increased substantially from last month when there were 90 homes for sale. Over the last few months inventory has jumped substantially.
Framingham MA Real Estate Market Analysis
Analysis of current Framingham market.
Inventory in the first few months of the year was at extremely low levels but this has changed over the last few months. In fact inventory has gone up by over 60 homes for sale! Buyers now have choices when looking at homes. While inventory has risen dramatically it is still very much a sellers market. Even though inventory has risen by such a large amount there are still pockets in the market where there are not a lot of choices. Homes in these price points sell very quickly. Anything under $500k tends to sell fast.
In some pockets of the market it is not uncommon to see bidding wars and homes selling for over asking price.
May was a good month for closed properties with 44 sales. This however was down was down from last year when there were 52 sales.
The amount of homes going under contract in May was also very good with 50.
Year to date there have been 138 sales. At this same point in time last year there were 150 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.