Overall inventory trends are still somewhat favorable to sellers with just 53 homes to choose from in Hopkinton as of mid-February.  In fact, the number is just 50 if we exclude the homes still appearing as active but which have in fact accepted offers.  Video is embedded and the graphs within the video are available below.

Days on market has gone down a touch to an average of 149 days this month whereas last month our average was 166.  The price range we are watching closely is the $600,000-$700,000 range since we've picked up a net of 2 houses there will more inventory to come. 

Although inventory may be favorable to sellers, reticence and outright fear on the part of prospective buyers is not.  Nevertheless, in a supply and demand business, restricted supply should result in price stability at a minimum.

These levels are historically low as you can see from the History of Inventory Chart back to January 2005 below.

Buyer Activity is strong and all these being equal this should be a time for price stability in Hopkinton.  For a more detailed analysis of your buying or selling situation, please contact us at 508-275-9155.