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.
Jon Treon of RE/MAX Executive Realty can be reached via email at email@example.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.