Single Family homes sold and for sale in Somerset during October
Here is some real estate market data describing the housing market in Somerset during the month of October and how it compares to the same time last year. The data is from the MLS and is for single family homes.
There were 13 single family homes sold in Somerset during October 2011 at an average sale price of $208.162 and median price of $198,100. For the same period in 2010, 9 single family homes sold with an average sales price of $244,300 and median price of $244,000.
Volume was up this year by 44%, while the average price is down nearly 15% and the median price down nearly 19%.
There are currently 99 single family homes for sale in Somerset, with a median asking price of $239,900, as compared to a year ago when there were 90 homes with a median asking price of $263,700.
Once again this month buyers are in the driver’s seat. Greater inventory along with lower asking prices and historically low interest rates puts those interested in purchasing a single family home in Somerset in a very good position. Be one of the lucky ones to take advantage of this rare opportunity. Start looking for your next home today!
To learn more about the Greater SomersetMA area, visit my website ator contact me directly at 508-558-8035.