Holliston MA Real Estate Market review

By
Real Estate Agent with Vesta Real Estate Group 9052498

Would I be surprising you if I made the statement that it is a Seller's Market in Holliston MA right now? The Median Sales Prices have remained steady compared to the year earlier, which should be considered a WIN for homeowners in this economy.

Here is a quick bullet of Holliston's Marketplace:

  • Average selling time over the past year has been 122 days on market.
  • Median price is $350,000 over the past 12 months. Same as previous year.
  • There are currently 36 Active single family homes on market.
  • Holliston has 3.2 months of inventory currently - Under 4 months is considered a Seller's Market
  • Sellers are getting 95% of Listing Price over the past year.  91% of Original Asking Price.

 

 Just so that I am not coming across those readers that think I am a typical Realtor reporting only the "positive" stats, I have reported Median prices as opposed to Average prices.  This is because Average prices create a higher weight to the higher end priced homes and Median prices do not. 

That being said, the average prices for the past 12 months were $388882, down from the 12 months previous of $396328.  This results in a 2% decline in average prices in Holliston.

I have a buyer currently looking to spend up to mid $500K in Holliston, Medway or Hopkinton.  I just mailed a postcard to 400 Holliston households asking them if they were considering a move.  In 12 years as a Realtor, I can say I have never done this before. 

I believe this type of low inventory will result in upward price pressure for Holliston housing stock in 2010.

Ed Daniels of Remax Executive Realty is on the MAHome Team serving Metrowest Boston.  Contact him at 508-341-7880 with any questions about Holliston's real estate market.
Posted by

Ed Daniels is on Vesta Real Estate Group of Keller Williams.  Based in Metrowest Massachusetts, the Team has served MA since 1998.  Serving the communities of Framingham, Holliston, Franklin, Milford, Natick, Ashland, Southborough, Westboro, Marlboro, Upton, Medway, Sherborn and others. 

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508-341-7880  Direct                  Ed@VestaMA.com

Comments (1)

Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Ed - once in a while someone like yourself takes the time to explain some of the rational behind the stats they are reporting. Unless you understand the point of view of the presenter the stats are meaningless as two people can and do take the same stats and arrive at a different conclusion based on their point of view. 

Jan 21, 2010 01:16 AM

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