Holliston Massachusetts Real Estate Market May 2013
Holliston MA Real Estate Activity For May 2013 vs May 2012
In May of 2012 there were 6 homes that closed within the month for Holliston MA Real Estate. This is the same amount of units, as there were 6 homes that closed in May of 2012.
The Average list price for the homes that closed in May 2012 was $368,921
The Average list price for the homes that closed in May of 2013 was $404,900
The Average sale price for the homes that closed in May of 2012 was $353,636
The Average sale price for the homes that closed in May of 2013 was $405,870
The Average Market time for the homes that closed in May of 2012 was 139 days.
The Average Market time for the homes that closed in May of 2013 was 75 days.
Homes Under Contract For May 2013
31 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $454,332. The average time on the market for these homes were 31 days. May was an exceptional month for Holliston Real Estate with homes selling as quickly as they hit the 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 May 2013 Home For Sale Inventory Levels
The are currently 46 homes on the market in Holliston MA. The average list price of these homes is $458,939. The average days on the market is 159. 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 during the Spring market! The lack of homes for sale is what has driven home values higher.
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 shockingly low for this time of year. Inventory throughout the latter half of last year into the first part of this year has been incredibly low. Heading into May inventory dropped even further from the already low levels they have been hovering at.
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. In fact there are some price points where we are seeing multiple bids and homes selling for over asking prices. Folks the Holliston market has been crazy busy!
May was a fantastic month for homes going under contract with thirty one! Sales at this point in the year are often times the best on a year to year basis. What could hold back the number of sales however, is the scarcity of homes for sale.
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 38 sales so far this year. Last year at this same point in time there were 39 sales.
To learn more about Holliston Massachusetts see the Holliston real estate guide.
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.