The Trend in Home Sales in Halifax MA - Improving, or...?
Home prices in Halifax on average are rising! Home prices have risen 3.0% since July of 2009.
The current average listing price of homes for sale in Halifax MA is $257,719, down 41.7% from a month ago. Compare this to the current median sales price of $222,600 - where half of sales are above this amount and half below it.
Below is a chart of the trend of median prices of homes for sale in Halifax MA over the past 5 years:
Although cyclical, the number of sales for all homes have been increasing over the past few months:
So what does all this mean? Well, if you're looking for a home in Halifax, you can probably find a bargain as prices are down significantly the past few weeks. Still, lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating.
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 Halifax or in the surrounding area.
Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, when you're looking to get pre-approved for a purchase of your next home in Halifax or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
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