Holliston Massachusetts Real Estate Market February 2014
Want to see what has gone on in the Holliston Real Estate market for February along with year over year comparisons? Take a look below for complete details on the Holliston Real Estate market. While you are here take a look at the Realtors guide to Holliston MA Real Estate to 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 February 2014 vs February 2013
In February of 2014 there were 11 homes that closed within the month for Holliston MA Real Estate. This is a increase of 2 units, as there were 9 homes that closed in February of 2013.
The Average list price for the homes that closed in February 2013 was $381,800
The Average list price for the homes that closed in February of 2014 was $508,300
The Average sale price for the homes that closed in February of 2013 was $384,012
The Average sale price for the homes that closed in February of 2014 was $514,744
The Average Market time for the homes that closed in February of 2013 was 76 days.
The Average Market time for the homes that closed in February of 2014 was 39 days.
Homes Under Contract For February 2014
9 homes went under agreement in the month of February. The average list price of the homes that went under agreement was $558,943. The average time on the market for these homes were 311 days. February was a good month for Holliston Real Estate with nine homes going under agreement. Nine homes going under contract for this time of year is excellent especially given how few homes there are for sale.
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 February 2014 Home For Sale Inventory Levels
The are currently 20 homes on the market in Holliston MA. The average list price of these homes is $541,244. The average days on the market is 152. Home for sale inventory remained unchanged from last month. Inventory levels remain as low as it has been in decades. In my twenty seven years in the business I can not remember a time where inventory levels in Holliston 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
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
The market is shaping it to be very similar to last Spring when homes were selling very quickly. Inventory is near record lows which heavily favors those who will be selling their home. If you are thinking of selling your Holliston home now is the time. The three best months to sell a home are April, May and June. Given the low inventory levels I expect buyers will have to move quickly when identifying a home they are interested in.
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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