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Milford Real Estate Market Report November 2008

Milford Massachusetts Real Estate Market Report November 2008

Milford Real Estate report

In November of 2008 there were 12 homes that closed within the month for Milford Massachusetts. This is an increase of 3 units as there were 9 homes that closed in November of 2007.

The Average list price for the homes that closed in Milford for November of 2007 was $310,500

The Average list price for the homes that closed in Milford for November of 2008 was $266,050

The Average sale price for the homes that closed in Milford for November of 2007 was $295,494

The Average sale price for the homes that closed in Milford for November of 2008 was $256,234

The Average Market time for the homes that closed in Milford in November of 2007 was 117 days.

The Average Market time for the homes that closed in Milford November of 2008 was 116 days.

6 homes went under agreement in Milford MA in the month of November. The average list price of the homes that went under agreement was $275,583 The average time on the market for these Milford homes were 120 days.

January - November Market Statistics for Milford Massachusetts

In Milford MA for the period of January to November of 2007 there were 121 properties sold.

In Milford MA for the period of January to November 2008 there were 186 properties sold.

In Milford MA for the period of January to November in 2007 the average list price was $348,172 the average sale price was $3338,048 and the average market time was 137 days.

In Milford MA for the period of January to November in 2008 the average list price was $291,328 the average sale price was $279,533 and the average time on the market was 158 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 November time frame in Milford MA year over year! Milford is one of the few towns in the area that has had substantially more homes sold in 2008. This is due in part to prices dropping rapidly along with a good stock of affordable homes.

These statistics are similar to many of the towns in Metrowest Massachusetts 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 Massachusetts Real Estate market report was provided by Bill Gassett, the team leader for the RE/MAX Executive Realty Milford #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 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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Posted by Bill Gassett Metrowest Massachusetts Real Estate on 12/06/2008 02:30 PM

Comments (11)

Milford Real Estate in the Regional (Localism) Channel

milford ma market reports, milford ma real estate, milford ma realtors

Originally posted at: Massachusetts Real Estate: Milford Real Estate Market Report November 2008

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11 Comments on Milford Real Estate Market Report November 2008

DEC

2008

Bill - as always you demonstrate your expertise in this area southwest of Bostn. Are these trends similar to the other towns you are servicing?

Jeff

Bill,

You really are an expert in your market.

Bill I can relate to these trends, im my market the average and median are trending downwards while DOM is rising.

Jeff - Milford is one of the few towns in the area where there are more sales year to date than last year. This is because the town has a large stock of affordable homes that have dropped by a substantial amount. It is a great town for a 1st time buyer.

Marlene - Thanks I appreciate your compliments and for commenting on Milford Real Estate.

Jennifer - Lets hope next year brings about an improved market.

Bill - We're still seeing a bit of downward trend here as well with a pretty substantial inventory of homes.

Donna the most interesting thing about what has occured in Milford is the large increase in transactions to date as compared to last year. There are lots of entry level homes in Milford that have come down substantially in price which has had a dramatic impact on the sales volume. Milford is one of the few towns in the area that has more sales year to date than 2007.

Hi Bill, I really like your reports and the trend for Milford is one of the more positive stories out there, considewreing how much values had already dropped but showing a stong market demand. I had a question about market reports. Presuming you get consumers to utilize this most helpful market perspective, do think there is a way to get consumers to acknowledge this in some interactive way?