Milford Market Report for July 2007

In July of 2007 there were 13 homes that closed within the month for Milford MA. This is an decrease of seven units as there were twenry homes that closed in July of 2006.

The Average list price for the homes that closed in Milford for July of 2007 was $376,758

The Average list price for the homes that closed in Milford for July of 2006 was $395,622

The Average sale price for the homes that closed in Milford for July of 2007 was $364,538

The Average sale price for the homes that closed in Milford for July of 2006 was $384,040

The Average Market time for the homes that closed in Milford in July of 2007 was 149 days.

The Average Market time for the homes that closed in Milford July of 2006 was 139 days.

Six homes went under agreement in Milford MA in the month of July. The average list price of the homes that went under agreement was $341,567. The average time on the market for these Milford homes were 113 days.

                                    January - July Market Statistics for Milford MA

In Milford MA for the period of January to July of 2007 there were 82 properties sold.

In Milford MA for the period of January to July 2006 there were 119 properties sold.

In Milford MA for the period of January to July in 2007 the average list price was $355,722, the average sale price was $346,710, and the average market time was 139 days.

In Milford MA for the period of January to July in 2006 the average list price was $376,134 the average sale price was $368,711, and the average time on the market was 105 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Milford MA.

In comparing year over year longer term data for Milford MA, it appears that there is still a downward trend in the average sale price for homes, as well as an increase in the days on the market for the same period in Milford MA. There was also a substantial decrease in the number of properties sold in the January to July time frame in Milford MA year over year.

These statistics are similar to many of the towns in Metrowest MAand represent the on going weakness in the market as compared to previous years. What must be stressed, however, is that these home figures still represent a healthy amount of sales.

Selling a home in Milford MA or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Milford and many other Metrowest communities has changed over the last two and a half years. We are no longer in a seller's market. When selling a home in Milford MA, it pays to have a pro in your corner representing you. Here are some excellent questions  to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not! When selling in Milford MA creative marketing is key to make your home stand out and be found.

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The above information was provided by Bill Gassett, the team leader for the #2 RE/MAX Team in Massachusetts in 2006. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of Milford MA and other Metrowest towns for the last 21+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.

For Massachusetts and Milford MA Real Estate and homes see my Milford MA Homes & Real Estate site. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.

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