Holliston Massachusetts Real Estate Market October 2014
Do you want to explore what has gone on in the Holliston Real Estate market for October 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 what’s great 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 October 2014 vs October 2013
In October of 2014 there were 13 homes that closed within the month for Holliston MA Real Estate. This is 2 less units, as there were 15 homes that closed in October of 2013.
The average list price for the homes that closed in October 2013 was $484,559
The average list price for the homes that closed in October of 2014 was $521,102
The average sale price for the homes that closed in October of 2013 was $496,320
The average sale price for the homes that closed in October of 2014 was $533,435
The average market time for the homes that closed in October of 2013 was 109 days.
The average market time for the homes that closed in October of 2014 was 57 days.
Homes Under Contract For October 2014
13 homes went under agreement in the month of October. The average list price of the homes that went under agreement was $502,888. The average time on the market for these homes were 111 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 October 2014 Home For Sale Inventory Levels
The are currently 55 homes on the market in Holliston MA. The average list price of these homes is $631,099. The average days on the market is 15. Home for sale inventory decreased slightly from last month with one less homes for sale. Inventory levels have remained remarkably consistent over the last couple of months.
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
October was a decent month for closed transactions with 13. This was similar to the sales figures last year when there were 15.. Pending sales also were not bad as well for this time of year with 13. While the market has been steady for almost the entire year, there has been a noticeable drop in showing activity over the last month. The market has cooled quite a bit and this will probably be reflected in the sales figures over the coming months. This is typically a time of the year when activity slows.
Inventory of available homes for sale still remains 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.
Year to date sales vs last year
So far this year there have been 139 closed transactions. Last year at this time there were 141 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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