May 4, 2010 by efhughes | Edit
The real estate market in Ashland is very active. The market is moving from a Buyer's Market to a more Even Market. Prices have seemed to stablize, inventory is lower than a couple of years ago and more reminicent of the mid 2000′s. Below is a summary of where the Framingham market stands today;
There are 52 Active Single Family homes on the market with an average asking price of $430K and an average Days On Market of 135.
There are 31 Single Family Homes in the Under Agreement or Pending category with an average Asking Price of $374K and and average Days on Market of 77.
Over the past 6 months 50 Single Family homes have sold with an average Sales Price of $365K and an average Days on Market of 115.
The April 30th deadline for the Homebuyers Tax Credits has expired. About a third of the sales activity we have seen this year was related to the Tax Credit. But activity continues so I think we are at the beginning od the normal Spring Market.
Something to note about the statistcs above: Properties in the Under Agreement and Sold categories are about 15% less than in the Active category. Additionally the Days on Market in the Under Agreement category is considerably lower than the Actives. It looks to me that the properties that are selling are by sellers who are being more realistic in their pricing strategy.
Have a good Tuesday!
Ed Hughes
Re/Max Executive Realty
edwardhughes@comcast.net
www.efhughes.com
617-875-4132
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