Real estate is definitely localized and although statistics may still be grim in many parts of the country or
even pockets of Massachusetts, the Franklin MA real estate market is tilting again in favor of sellers.
Over the past two years in this metro west of Boston area the real estate market was, without question, a buyer's market. Buyers had the edge and the media was regularly reminding them of this. A look at the Multiple Listing Service today points to a changing picture regarding the available listings and sales for the past six months.
- 130 single family homes have sold
- average list price was $413,656
- average sales price was $402,707
- average days on market until closing was 95.66 days
- 126 homes are currently available for sale
This data is telling us that at this time there is no longer an extremely unbalanced market but rather an almost balanced number of listings to sales which puts the shift back to favoring the seller.
The historically low interest rates combined with the shift in market balance make it a fantastic time to sell a home in the Franklin, Massachusetts area. There are many buyers looking again and homes are not languishing on the market forever. A well-priced home will sell within 45-60 days.
If you need advice on getting your home ready to sell, give me a call at 508-369-5131 or email. I can provide you an honest assessment of your home's value so you'll be prepared to sell at the best price and for the least amount of time on the market.
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