Natick, MA 01760 Single Family Housing Market Report May 2011

Natick, MA 01760 Single Family Housing Market Report May 2011 reports activity of 170 homes.   While this isn’t quite as much activity as there is in the surrounding communities, the level is a good level of activity for this Spring.  With all the negative media surrounding the economy and the housing market it is hard for the real message to get through.  There has not been a time so good to buy and sell real estate as there is right now.  It is true the lending part is a bit more difficult, but the industry certainly needs to get a better and more service oriented than it has been through the last couple of years.  But besides the banks the current prices in real estate market along with the interest rates being so low makes this a great time to get involved.

Single Family Active Listings: 105       Average List Price: $601,284     Average Market Time: 101.58

Single Family Under Agreement Listings: 30       Average List Price: $528,983     Average Market Time: 55.00

Single Family Sold Listings: 26       Average List Price: $488,080       Average Sale Price: $474,927     Average Market Time: 94.27

Single Family Expired Listings: 7       Average List Price: $525,386     Average Market Time: 179.57

Single Family Canceled Listings: 2       Average List Price: $354,950     Average Market Time: 65.50

More than ever there is a need to work with a professional.  Regulations and guidelines continue to change and your real estate professional is aware of the changes.  Knowing how to market properties using internet technology is another key reason to work with a professional. There is a slight dip of the Average Market Time for the sold listings over the active listings.  The newer house under agreement so much faster indicates the newer properties on the market are being priced correctly and to sell.