Click below to view the video (about 4 minutes) discussing inventory trends for the late spring market for Hopkinton, MA. Charts in the video are also included below for your reference.
Some of the raw data:
* 81 single-family homes on the market currently and of those 9 have accepted offers and remain as "active" only to seek back-up offers.
* Average DOM (days on market) is down to 108 from 115 in mid-May.
* The price ranges below $600,000 are still seeing the most activity.
Below is the inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the lighter blue line is the same number from one month ago, and the red line on the bottom is the number which have gone under agreement since 5-15-09.
The $500,000-$600,000 price range is still the most crowded but is also the one seeing multi-offer situations.
Below is the chart showing inventory trends since January 2005. You can see that our inventory levels are relatively low.
For more detailed information about the Hopkinton residential real estate market, don't hesitate to contact us at 508-275-9155 Star Realty Hopkinton