Milford Massachusetts Real Estate Market August 2015
Would you like to explore what taken place in the Milford Real Estate market for August along with year over year comparisons? Check out our reporting of the Milford MA market below. While you are looking over the Milford real estate report be sure to take a look at my real estate agents guide to Milford MA, where you will see why the town is a popular choice for home buyers including information on town history, schools, demographics and more.
Milford MA Real Estate Activity For August 2015 vs August 2014
In August of 2015 there were 28 homes that closed within the month for Milford MA Real Estate. This is an increase of 6 units, as there were 22 homes that closed in August of 2014.
The average list price for the homes that closed in August of 2014 was $281,040
The average list price for the homes that closed in August of 2015 was $317,075
The average sale price for the homes that closed in August of 2014 was $277,352
The average sale price for the homes that closed in August of 2015 was $309,429
The average market time for the homes that closed in August of 2014 was 54 days.
The average market time for the homes that closed in August of 2015 was 44 days.
Homes Under Contract For August 2015
11 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $323,840. The average time on the market for these homes were 65 days. Milford had a fair month for homes going under contract.
January 2012 – 2014 Final Year Real Estate Market Statistics For Milford Massachusetts
For the period of January to December 2014 there were 203 properties sold.
For the period of January to December of 2013 there were 211 properties sold.
For the period of January to December of 2012 there were 203 properties sold.
For the period of January to December in 2014 the average list price was $293,475 the average sale price was $286,866 the average market time was 89 days.
For the period of January to December in 2013 the average list price was $286,724 the average sale price was 278,100 the average market time was 84 days.
For the period of January to December in 2012 the average list price was $259,845 the average sale price was $252,034 and the average market time was 97 days.
Current Homes For Sale August Inventory Levels
The are currently 39 homes on the market. The average list price of these homes is $326,922. The average days on the market is 55. Inventory of homes for sale increased from last month when there 34 homes available for purchase. Inventory has been fluctuating over the last two months with 30 to 40 homes for sale. Expect inventory to rise slightly from where levels stand right now.
Milford MA Real Estate Market Analysis
Current Milford Real Estate Analysis
The amount of transactions for August was terrific for Milford with 6 more than there were for August of last year. Year to date the amount sales has leaped ahead of what they were last year at this time. Sales have been solid throughout the year but have really come on strong in the last few months. Pending sales however, were not quite as strong as in previous months with only 11 going under contract. Sales more than likely would have been even stronger but the amount of homes available for purchase remains low.
Low inventory of course favors home sellers. Homes continue to move quickly and for favorable numbers when priced appropriately. Inventory should rise a little bit over the next few months but nothing drastic.
Milford continues a great place for first time home buyers with the majority of homes for sale falling under $350,000.
Year to date there have been 150 sales. At this same point in time last year there were 137 sales.
Sales for 2014 vs 2013
For 2014 Milford finished with 203 sales. This was down slightly from 2013 when there were 211.
The above Milford Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
Click the link to see all Milford Mass homes for sale.
See what took place in the previous month for real estate activity in Milford.