Holliston Massachusetts Real Estate Market November 2014
Do you want to explore what has gone on in the Holliston Real Estate market for November 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 looking at the Holliston market report also check out the Realtor guide to Holliston Mass 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 November 2014 vs November 2013
In November of 2014 there were 11 homes that closed within the month for Holliston MA Real Estate. This is 1 less unit, as there were 12 homes that closed in November of 2013.
The average list price for the homes that closed in November 2013 was $397,575
The average list price for the homes that closed in November of 2014 was $469,735
The average sale price for the homes that closed in November of 2013 was $386,498
The average sale price for the homes that closed in November of 2014 was $467,727
The average market time for the homes that closed in November of 2013 was 55 days.
The average market time for the homes that closed in November of 2014 was 91 days.
Homes Under Contract For November 2014
13 homes went under agreement in the month of November. The average list price of the homes that went under agreement was $768,071. The average time on the market for these homes were 91 days. With 13 homes going under contract, Holliston had a good month for activity.
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 November 2014 Home For Sale Inventory Levels
The are currently 42 homes on the market in Holliston MA. The average list price of these homes is $586,097. The average days on the market is 128. Home for sale inventory decreased by quite a bit from last month with thirteen less homes for sale. Inventory levels had remained very consistent over the last few months but a drop in thirteen homes for sale is significant.
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
November was a fair month for homes closing with 11. This was similar to the sales figures last year when there were 12. Pending sales also were not bad as well for this time of year with 13. These figures are actually pretty good considering we have entered what is considered a slower time of year for home sales.
It is quite common for the last few months of the year to be the slowest time period for real estate. We have noticed a drop in showing activity which will lead to smaller sales figures in the coming months. As a whole the market has been steady in town all year.
Inventory of available homes for sale is very low from a historical perspective. In certain price points where inventory is exceptionally low homes will sell very quickly if priced appropriately. There are areas of the market where it really favors home sellers. If inventory stays like this through the winter months the market should be very competitive again come spring time.
Year to date sales vs last year
So far this year there have been 150 closed transactions. Last year at this time there were 153 homes that had closed. The market this year has been remarkably similar to last.
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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