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Cohasset home sales report for June, 2013
Cohasset home sales report for June, 2013
 

15 single-family homes sold in Cohasset in June.
The average
SALES price was $962,000
LISTING price was $1,011,000
ORIGINAL price was $1,056,000
ASSESSMENT was $837,000
     - Average = total prices / number of homes
 
The median
 
SALES price was $1,000,000.
LISTING price was $1,075,000
ORIGINAL price was $1,075,000
ASSESSMENT was $1,010,100
     - Median = the home halfway down the list
The average number of days on market was 155
The average price paid per square foot was $301
Look how close the sales prices are to the last listing price before the sale. After an initial price adjustment of about 4%, the average home then sold for about 95% of its asking price.
There are 85 single-family homes on the market in the four CHiNS towns today. There's now less than 6 months of inventory, although 20 new properties came on the market in June. With 15 sales in June, that means there's slightly more inventory now than there was at the beginning of the month.
The big news last month was the spike in mortgage interest rates. Instead of thinking that rates are "in the 3 percent range", we are suddenly talking about rates in the 4 1/2 percent range. ... more

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