Milford Massachusetts Real Estate Market Report June 2008
In June of 2008 there were 24 homes that closed within the month for Milford Massachusetts. This is an increase of 6 units as there were 18 homes that closed in June of 2007.
The Average list price for the homes that closed in Milford for June of 2007 was $356,184
The Average list price for the homes that closed in Milford for June of 2008 was $289,750
The Average sale price for the homes that closed in Milford for June of 2007 was $344,639
The Average sale price for the homes that closed in Milford for June of 2008 was $280,046
The Average Market time for the homes that closed in Milford in June of 2007 was 115 days.
The Average Market time for the homes that closed in Milford June of 2008 was 165 days.
15 homes went under agreement in Milford MA in the month of June. The average list price of the homes that went under agreement was $271,940 The average time on the market for these Milford homes were 164 days.
January - June Market Statistics for Milford Massachusetts
In Milford MA for the period of January to June of 2007 there were 69 properties sold.
In Milford MA for the period of January to June 2008 there were 102 properties sold.
In Milford MA for the period of January to June in 2007 the average list price was $351,795 the average sale price was $343,351 and the average market time was 136 days.
In Milford MA for the period of January to June in 2008 the average list price was $305,312 the average sale price was $291,858 and the average time on the market was 167 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 Massachusetts, 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 however, a substantial increase in the number of properties sold in the January to June time frame in Milford MA year over year!
These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years.
Click here to see previous Milford MA Real Estate Market reports.
Market reports for Hopkinton
Market reports for Holliston
Market Reports for Mendon
Market reports for Hopedale
Market reports for Southboro
Market reports for Upton
Market reports for Ashland
Market Reports for Westboro
Selling a home in Milford Massachusetts 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 three and a half years. We are no longer in a seller's market. When selling a home in Milford Massachusetts, it pays to have a pro in your corner representing you.
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. **
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This Milford Real Estate market report was provided by Bill Gassett, the team leader for the #4 RE/MAX
Team in Massachusetts in 2007. 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 22+ 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 Milford MA Real Estate. 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
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