Holliston Massachusetts Real Estate Market December 2014
Do you want to explore 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 how the Holliston Real Estate market performed last month. While you are looking at the Holliston market report also check out the Realtor guide to Holliston Mass 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 December 2014 vs December 2013
In December of 2014 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 2013.
The average list price for the homes that closed in December 2013 was $495,579
The average list price for the homes that closed in December of 2014 was $509,009
The average sale price for the homes that closed in December of 2013 was $515,397
The average sale price for the homes that closed in December of 2014 was $489,535
The average market time for the homes that closed in December of 2013 was 64 days.
The average market time for the homes that closed in December of 2014 was 62 days.
Homes Under Contract For December 2014
9 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $584,482. The average time on the market for these homes were 124 days. With 9 homes going under contract, Holliston had a decent month for activity especially for this time of year.
January 2012 – 2014 Final Year Real Estate Market Statistics For Holliston Massachusetts
For the period of January to December of 2014 there were 161 properties sold.
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 in 2014 the average list price was $505,844 the average sale price was 506,302, the average market time was 78 days.
For the period of January to December in 2013 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 2012 the average list price was $419,527 the average sale price was $407,520 and the average market time was 104 days.
Current December 2014 Home For Sale Inventory Levels
The are currently 40 homes on the market in Holliston MA. The average list price of these homes is $616,044. The average days on the market is 137. Home for sale inventory decreased marginally from last month with two less homes for sale. Inventory levels have been on a downward trend for the past few months as is typically the case this time of year with people taking their homes off the market during the winter months.
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
December had decent activity with nine home sales. This was down from last year during the same time period when there were 17 sales. Homes going under contract were decent with nine homes going pending. These figures are actually pretty good considering we have entered what is considered a slower time of year for home sales.
The end of the year sales results turned out about as expected. Given how low inventory is at the moment the Spring should favor home sellers especially in favorable price points where there is a lot of buyer demand. In Holliston this is typically under $500,000.
Year to date sales vs last year
Holliston finished the year with 161 transactions. Last year at this time there were 170 homes that sold in town. Over all the market this year was not much different than last in terms of sales volume.
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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