Holliston Massachusetts Real Estate Market December 2013
Want to see what has gone on in the Holliston Real Estate market for December along with year over year comparisons? Take a look below for complete details on the market. Learn why buying realty in Holliston is a popular choice including information on town history, schools, demographics and more.
Holliston MA Real Estate Activity For December 2013 vs December 2012
In December of 2012 there were 11 homes that closed within the month for Holliston MA Real Estate. This is a decrease of 6 units, as there were 17 homes that closed in December of 2012.
The Average list price for the homes that closed in December 2012 was $408,018
The Average list price for the homes that closed in December of 2013 was $421,081
The Average sale price for the homes that closed in December of 2012 was $400,244
The Average sale price for the homes that closed in December of 2013 was $409,362
The Average Market time for the homes that closed in December of 2012 was 88 days.
The Average Market time for the homes that closed in December of 2013 was 59 days.
Homes Under Contract For December 2013
11 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $692,583. The average time on the market for these homes were 23 days. December was a very good month for Holliston Real Estate with eleven homes going under agreement. This is a healthy amount of homes going under contract for this time of year as December is typically one of the slowest months.
January 2010 – 2012 Final Year Real Estate Market Statistics For Holliston Massachusetts
For the period of January to December of 2012 there were 155 properties sold.
For the period of January to December of 2011 there were 124 properties sold.
For the period of January to December 2010 there were 110 properties sold.
For the period of January to December in 2012 the average list price was $419,527 the average sale price was 407,520, 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 market time was 134 days.
For the period of January to December in 2010 the average list price was $433,244 the average sale price was $423,339 and the average time on the market was 90 days.
Current November 2013 Home For Sale Inventory Levels
The are currently 24 homes on the market in Holliston MA. The average list price of these homes is $559,074. The average days on the market is 125. Home inventory has continued to drop and is now at the lows for the entire year. In fact the inventory right now is as low as it has been in decades. In my twenty six years in the business I can not remember a time where inventory levels were anywhere near this low!
It is very unusual to have so few homes on the market. While this has been the trend through out the year, the amount of homes for sale at the moment is simply unbelievable. The lack of homes for sale is what has driven home values higher along with very attractive interest rates.
Holliston MA Real Estate Market Analysis
In 2012 the Holliston Real Estate market had an increase in the amount of homes sold over 2011 by a healthy amount. Homes priced properly generally moved in a 60-90 day window. Although the average sale price was down quite a bit over 20111 this was more of a function of there being fewer upper end sales and not a general drop in real estate values. The lack of as many upper end sales also correlated with the average days on market being down as upper end properties typically take longer to sell. The lower end of the market (under 400k) remained strong with values holding steady. There was still some price erosion in the upper end of the Holliston market.
For 2012 there were a total of 155 sales in Holliston. In 2011 there were 124 sales for the year. The fourth quarter really was terrific and allowed the total sales to jump by around 15% for the year.
Inventory throughout the latter half of last year and throughout this year has been amazingly low. Heading into January inventory for sale dropped by twelve homes. Not many home owners have put their home on the market but sales have remained brisk for this time of year. There are now under 25 homes for sale in town which just blows my mind. Throughout much of the year there has been a shortage of housing for sale in Holliston but this is just ridiculous!
Lower home inventory is always a good sign for those considering to sell their home. Homes at the present time are getting scooped up as quickly as they are put up for sale if they are priced properly. There have been a number of occasions where home sellers have received multiple bids when the property falls into a price point with good demand and low inventory. There is no question the Holliston market has been super strong throughout the year.
Looking forward I predict we will see a similar trend as last Spring when there were very few homes for sale but excellent demand. We are set up for the same scenario to occur again.
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.
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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