Yes, the news outlets have reported a strengthening housing market nationally and locally but there are still some naysayers that don't
quite believe it. The recent Franklin, MA sales data is concrete proof that prices have been rising when compared to this same first quarter of 2012.
The Multiple Listing Service (MLSPIN) reports the following data:
01/22/12-04/22/12
- 37 sold homes
- average list price=$394,994
- average sale price=$378,665
- 95% list to sold ratio means that homes sold 5% from their asking price
01/22/13-04/22/13
- 44 sold homes
- average list price=$427,855
- average sold price=$420,645
- 98% list to sold ratio means homes sold very close to their asking price--by 2%
This data speaks loud and clear! Franklin, MA home sale prices are already up by 11% over the same time last year and the spring is just beginning. Sellers can rest assured to know that not only is it a sellers market but they will get more for their home than they would have last year. Buyers can know that now is the time to buy before interest rates and prices rise any higher.
If you have questions about your home or the greater Boston and Franklin, MA real estate market, please give me a call at 508-369-5131 or email me! I'd be happy to provide a no-obligation consultation on your home value.
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