Holliston Massachusetts Real Estate Market August 2014
Do you want to explore what has gone on in the Holliston Real Estate market for August along with year over year comparisons? Take a look below for complete details on the how the Holliston Real Estate market performed last month. While you are here see what’s great about Holliston Real Estate, where you will learn why Holliston is a popular choice with home buyers, including information on town history, schools, demographics and more.
Holliston MA Real Estate Activity For August 2014 vs August 2013
In August of 2014 there were 20 homes that closed within the month for Holliston MA Real Estate. This is 6 less units, as there were 26 homes that closed in August of 2013.
The average list price for the homes that closed in August 2013 was $492,481
The average list price for the homes that closed in August of 2014 was $550,017
The average sale price for the homes that closed in August of 2013 was $495,104
The average sale price for the homes that closed in August of 2014 was $556,254
The average market time for the homes that closed in August of 2013 was 90 days.
The average market time for the homes that closed in August of 2014 was 48 days.
Homes Under Contract For August 2014
6 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $468,032. The average time on the market for these homes were 58 days. With only 6 homes going under contract, Holliston had a sluggish month for activity.
January 2011 – 2013 Final Year Real Estate Market Statistics For Holliston Massachusetts
For the period of January to December of 2013 there were 170 properties sold.
For the period of January to December of 2012 there were 155 properties sold.
For the period of January to December 2011 there were 124 properties sold.
For the period of January to December in 2012 the average list price was $456,848 the average sale price was 457,676, the average market time was 65 days.
For the period of January to December in 2011 the average list price was $419,527 the average sale price was $407,520 and the average market time was 104 days.
For the period of January to December in 2011 the average list price was $452,025 the average sale price was $435,680 and the average time on the market was 134 days.
Current August 2014 Home For Sale Inventory Levels
The are currently 58 homes on the market in Holliston MA. The average list price of these homes is $626,907. The average days on the market is 90. Home for sale inventory increased again last month with an additional couple of homes added to the existing inventory. Inventory levels have increased upward to the highest they have been in a while.
Holliston MA Real Estate Market Analysis
2013 Real Estate Analysis
In 2013 the Holliston Real Estate market was much different than in previous years. The market in fact turned from what would be considered one of the worst periods of time in our real estate history to an improved market that treated home sellers much differently than in years past.
The turnaround was due to a number of factors including the fact that inventory levels had dropped substantially as we headed into the early stages of February. With pent up buyer demand and record low interest rates the market was primed to move upwards. This is in fact what happened. Homes throughout the Spring of last year were selling very quickly! Often times there were multiple bids within the first week a home was put on the market. It was not unusual to see some homes selling over the asking price.
The market did settle down as we moved to the latter half of the year. We saw more normal sales times and did not have nearly as many multiple bid situations.
Inventory throughout the latter half of last year was incredibly low. Heading into February inventory for sale dropped by four homes. Not many home owners have put their home on the market which is consistent with what happens during the holiday months
Lower home inventory is always a good sign for those considering to sell their home. While nobody has a crystal ball the Holliston market is shaping up to be similar this Spring as it was to last when competition was fierce for homes entering the market. I imagine seeing a similar trend as last Spring when there were very few homes for sale but excellent demand.
The Holliston real estate market ended this year better than last year in terms of the number of homes sold.
For 2013 there were 170 sales while in 2012 there were 155.
Current Real Estate Analysis
August was a weak month both in terms of homes going under agreement as well as homes closing. There were only 20 homes that closed this month while August of last year there were 26 homes that closed. The market this year in Holliston has been remarkably similar to last year. It has been a very good year overall so far. We are now entering what would be considered a slower time of the year for home sales.
Inventory of available homes for sale still remains low from a historical perspective. In certain price points you need to jump on a home that you like. There are areas of the market where it really favors home sellers.
The amount of homes going under contract was surprisingly low with only 6.
Year to date sales vs last year
So far this year there have been 113 closed transactions. Last year at this time there were an identical number of homes that has sold.
The above Holliston Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
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