Greater Fall River, MA. (Including Fall River, Westport, Somerset, Swansea and Dartmouth MA) Real Estate Market Activity for the 1st half of 2011

By
Real Estate Agent with SB&A Realty Group

Greater Fall River, MA. (Including Fall River, Westport, Somerset, Swansea and Dartmouth MA) Real Estate Market Activity for the 1st half of 2011 according to MLS Market Statistics is summarized below:

 Trends weathervane

For the period of January 1 through June 30 2011, 463 properties sold (single family, multi family and condos) in Greater Fall River, MA. For the same period in 2010, 541 properties sold. This was a decrease of 78 properties or 14%.

 

For the same period the average selling price in Greater Fall River MA in 2011 was $234,898 versus $223,943 in 2010, or a 5% increase.

 

The average number days homes were on the market (amount of time it took to sell the property) in Greater Fall River MA for this period in 2011 were 155 days versus 141 days in 2010 - an increase of 14 days or 10%.

 

To summarize, home sales for the first six months of this year versus last year, in Greater Fall River MA, were off 14%, the price the homes sold for was up 5% and the length of time it took to sell these home increased 10%. There are 1075 homes for sale in Greater Fall River as of 7/1/11 with an average list price of $390,072 and have been on the market for an average of 207 days.

 

To learn more about the Greater Fall River area, visit my website at www.stevew-homes.com or contact me directly at 508-558-8035.

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