Natick MA Single Family Real Estate Market Report Jan. 2010

By
Real Estate Agent with Touchstone Realty

The total number of single family home sales for January of this year was 16, up from 11 last year. The median selling price was $514,000, a huge increase from $330,000 in January 2009. In addition, pending sales are also up-15 for the month of January 2010 versus 11 in 2009. Market activity has been brisk in Natick, with some homes selling in a matter of a few days. The $8,000first time homebuyer credit and the $6,500 credit for existing homeowners who make a purchase is undoubtedly playing a big role. These credits both expire April 30th. Also, interest rates on 30 year fixed rate mortgages have been right around 5% for awhile, and many economic forecasters see these low rates starting to increase later in the year.

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Jon Treon of RE/MAX Executive Realty can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston since 1993. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.

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