The Trend in Home Sales in Whitman MA - Improving, or...?
Home prices in Whitman on average are falling! Home prices have fallen 4.8% since July of 2009.
The current average listing price of homes for sale in Whitman MA is $275,737, down 2.3% from a month ago. Compare this to the current median sales price of $247,500 - where half of sales are above this amount and half below it.
Prices of 2 bedroom homes are up from year ago levels while prices of 3 and 4 bedroom homes are down. Prices of 2 bedroom homes are up 12.6% while prices of 3 bedroom homes are down 3.9% and 4 bedroom homes are down 4.4% from year ago levels. Below is a chart of the trend of median prices of homes for sale in Whitman MA over the past year through July 2010:
Although cyclical, the number of sales for all homes have been fairly flat over the past 5 years:
So what does all this mean? Well, if you're looking for a home in Whitman, you better not mess around too much. While sales are flat, prices of 2 bedroom homes are climbing. But, you can probably find a bargain with 3 and 4 bedroom homes.
You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in Whitman or in the surrounding area.
Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home in Whitman or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
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