Holliston MA Real Estate Market Report February 2013

Holliston Massachusetts Real Estate Market February 2013

Holliston MA Real Estate

 

 

 

 

 

 

 

Holliston MA Real Estate Activity For February 2013 vs February 2012

In February of 2012 there were 3 homes that closed within the month for Holliston MA Real Estate. This is an decrease of 4 units, as there were 7 homes that closed in February of 2012.

The Average list price for the homes that closed in February 2012 was $295,597

The Average list price for the homes that closed in February  of 2013 was $276,567

The Average sale price for the homes that closed in February of 2012 was $278,843

The Average sale price for the homes that closed in February of 2013 was $264,000

The Average Market time for the homes that closed in February of 2012 was 128 days.

The Average Market time for the homes that closed in February of 2013 was 97 days.

Homes Under Contract For February 2013

7 homes went under agreement in the month of February. The average list price of the homes that went under agreement was $492,856. The average time on the market for these homes were 66 days. February was a decent month for Holliston Real Estate!

January 2010 – 2012 Final Year Real Estate Market Statistics For Holliston Massachusetts

In Holliston MA for the period of January to December of 2012 there were 155 properties sold.

In Holliston MA for the period of January to December of 2011 there were 124 properties sold.

In Holliston MA for the period of January to December 2010 there were 110 properties sold.

In Holliston MA 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.

In Holliston MA 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.

In Holliston MA 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 February 2013 Inventory Levels

The are currently 41 homes on the market in Holliston MA. The average list price of these homes is 465,893. The average days on the market is 146. I can not remember the last time home inventory was this low. It is unheard of to have so few homes on the market!

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.

Current home inventory levels have remained extremely low. As we head into 2013 inventory in February did creep up slightly but still well below normal levels. Lower home inventory is always a good sign for those considering to sell their home. The fourth quarter of last year was excellent for local Real Estate which is a big reason why inventory is so low. The Fall and Winter activity was much better that it has been in previous years. February was a decent month for homes going under contract with seven. Sales will begin to ramp up as we move into the Spring selling season.

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. All indications look like we could be approaching a market bottom.

Year to date there have been 9 sales so far this year. Last year at this same point in time there were 13 sales.

The above Holliston Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to search all Holliston MA Homes For Sale.

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