Holliston Massachusetts Real Estate Market May 2014
Do you want to explore what has gone on in the Holliston Real Estate market for May 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 here see all about Holliston 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 May 2014 vs May 2013
In May of 2014 there were 12 homes that closed within the month for Holliston MA Real Estate. This is a decrease of 4 units, as there were 16 homes that closed in May of 2013.
The Average list price for the homes that closed in May 2013 was $425,881
The Average list price for the homes that closed in May of 2014 was $473,583
The Average sale price for the homes that closed in May of 2013 was $428,650
The Average sale price for the homes that closed in May of 2014 was $466,383
The Average Market time for the homes that closed in May of 2013 was 79 days.
The Average Market time for the homes that closed in May of 2014 was 65 days.
Homes Under Contract For May 2014
16 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $474,856. The average time on the market for these homes were 264 days. May was an excellent month for Holliston Real Estate with sixteen homes going under contract.
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 May 2014 Home For Sale Inventory Levels
The are currently 37 homes on the market in Holliston MA. The average list price of these homes is $547,913. The average days on the market is 72. Home for sale inventory decreased by a very small margin from last month when there were 37 homes for sale. Inventory levels still remain historically very low even though we are in the Spring market when more homes come one the market. Demand has been keeping pace with supply.
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
There was a significant uptick in the amount of business that took place in May. As expected sales are more brisk given the fact we are now in what is considered the best time of year to sell a home. Holliston has been bucking the trend on local sales data is actually performing better this year so far than last. This has not been the pattern in other communities.
With inventory of homes for sale remaining on the low side the market still favors sellers. If you are a buyer and find a home you are interested in there is no doubt you will need to move quickly or risk losing it. If you are considering selling you home without a doubt now is the best time to do so.
Holliston had an good month in May for sales with only twelve but this was done from last year when there were sixteen sales.
Year to date sales vs last year
So far this year there have been 55 closed transactions. Last year at this time there were only 40.
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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