The Trend in Home Sales in Bridgewater MA 02324 - Improving, or...?
Home prices in Bridgewater on average are falling! Home prices have fallen 9.2% since June of 2011.
However, the current average listing price of homes for sale in Bridgewater, MA is up. The average listing price is $314,274, up 1.1% from a month ago. Compare this to the current median sales price of $243,270 - where half of home sales are above this amount and half are below it.
Below is a chart of the trend of median sales prices of homes in Bridgewater, MA over the past 5 years through August 2010:
Median Sale Prices of Homes in Bridgewater, MA
The number of home sales in Bridgewater, MA is down 33.8% from year ago levels:
Number of Home Sales in Bridgewater, MA
So what does all this mean? Well, if you're looking for a home in the town ofBridgewater, you may be able to find a bargain. Both prices and sales of homes are down significantly from where they were a year ago.
You can still buy a home with little or no money down. You can buy a home with no money down with a VA Loan or a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing Loan, you can purchase a home with no money down or with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in Bridgewater or in the surrounding area.
Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home in Bridgewater or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.