Holliston Massachusetts Real Estate Market September 2014
Do you want to explore what has gone on in the Holliston Real Estate market for September 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 September 2014 vs September 2013
In September of 2014 there were 8 homes that closed within the month for Holliston MA Real Estate. This is 5 less units, as there were 13 homes that closed in September of 2013.
The average list price for the homes that closed in September 2013 was $447,477
The average list price for the homes that closed in September of 2014 was $453,750
The average sale price for the homes that closed in September of 2013 was $438,423
The average sale price for the homes that closed in September of 2014 was $447,750
The average market time for the homes that closed in September of 2013 was 38 days.
The average market time for the homes that closed in September of 2014 was 76 days.
Homes Under Contract For September 2014
12 homes went under agreement in the month of September. The average list price of the homes that went under agreement was $471,358. The average time on the market for these homes were 59 days. With 12 homes going under contract, Holliston had a decent 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 September 2014 Home For Sale Inventory Levels
The are currently 56 homes on the market in Holliston MA. The average list price of these homes is $617,705. The average days on the market is 118. Home for sale inventory decreased from last month although by a very small margin with two less homes for sale. Inventory levels have been trending upwards for the last few months until now.
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
September was a slower month for closed transactions with only 8 but the pending sales were stronger with 12. September of last year was much stronger with 13 sales. While the market has been steady for almost the entire year, there has been a noticeable difference in the amount of showing activity lately. The market has cooled quite a bit and this will probably be reflected in the statistics come next month. 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 123 closed transactions. Last year at this time there were 126 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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