Milford Massachusetts Real Estate Market Report September 2007
In September of 2007 there were 12 homes that closed within the month for Milford MA. This is an decrease of 12 units as there were 24 homes that closed in September of 2006.
The Average list price for the homes that closed in Milford for September of 2007 was $303,092
The Average list price for the homes that closed in Milford for September of 2006 was $349,256
The Average sale price for the homes that closed in Milford for September of 2007 was $289,604
The Average sale price for the homes that closed in Milford for September of 2006 was $338,740
The Average Market time for the homes that closed in Milford in September of 2007 was 85 days.
The Average Market time for the homes that closed in Milford September of 2006 was 142 days.
7 homes went under agreement in Milford MA in the month of September. The average list price of the homes that went under agreement was $284.186 The average time on the market for these Milford homes were 91 days.
January - September Market Statistics for Milford MA
In Milford MA for the period of January to Septmeber of 2007 there were 105 properties sold.
In Milford MA for the period of January to September 2006 there were 156 properties sold.
In Milford MA for the period of January to September in 2007 the average list price was $347,430, the average sale price was $337,680, and the average market time was 135 days.
In Milford MA for the period of January to September in 2006 the average list price was $368,902 the average sale price was $360,922, and the average time on the market was 110 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 September 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.
Click here to see previous Milford MA Real Estate Market reports.
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!
** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **
_________________________________________________________________________________________________________
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. Bill also has an office in Holliston & Upton to service home sales in Milford MA.
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 Sell my home in Metrowest MA. 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.
Click here to view Bill Gassett's Real Estate profile
SUBSCRIBE TO MY BLOG
Comments (0)Subscribe to CommentsComment