Holliston Massachusetts Real Estate Market July 2013
See what has gone on in the Holliston Real Estate market for July along with year over year comparisons. Learn why buying real estate in Holliston is a popular choice including information on town history, schools, demographics and more.
Holliston MA Real Estate Activity For July 2013 vs July 2012
In July of 2012 there were 27 homes that closed within the month for Holliston MA Real Estate. This is a decrease of 14 units, as there were 13 homes that closed in July of 2012.
The Average list price for the homes that closed in July 2012 was $423,700
The Average list price for the homes that closed in July of 2013 was $459,322
The Average sale price for the homes that closed in July of 2012 was $412,646
The Average sale price for the homes that closed in July of 2013 was $456,744
The Average Market time for the homes that closed in July of 2012 was 90 days.
The Average Market time for the homes that closed in July of 2013 was 29 days.
Homes Under Contract For July 2013
8 homes went under agreement in the month of July. The average list price of the homes that went under agreement was $480,313. The average time on the market for these homes were 36 days. July was an average month for Holliston Real Estate with the number of homes going under contract not nearly as strong as previous months. This is not all that uncommon as the Summer is usually slower than the Spring market.
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 July 2013 Home For Sale Inventory Levels
The are currently 39 homes on the market in Holliston MA. The average list price of these homes is $467,964. The average days on the market is 174. Home inventory has continued to remain extremely low and dropped again from last months levels. It is very unusual to have so few homes on the market in the middle of Summer! The lack of homes for sale is what has driven home values higher along with record low 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.
Inventory throughout the latter half of last year into the first half of this year has been incredibly low. Heading into August inventory dropped even further from the already low levels they have been hovering at. With 39 homes for sale, I can not remember a time when there have been fewer for sale in Holliston!
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. In fact there are some price points where we are seeing multiple bids and homes selling for over asking prices. There is no question the Holliston market has been crazy busy!
July was a very average month for homes going under contract with only eight! The Holliston real estate market is doing a little better this year in terms of the number of homes sold. This however could change as the scarcity of homes for sale could effect the number of closed sales for the year. July was an exceptional month for closing sales with almost double the amount of July of 2012.
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.
Year to date there have been 87 sales so far this year. Last year at this same point in time there were 75 sales.
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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