The 2011 Greater Fall River Real Estate market had some bright spots!

By
Real Estate Agent with SB&A Realty Group

The 2011 Greater Fall River Real Estate market had some bright spots!

 

 

2011 Single family homes sold in greater Fall River MAThe 2011 Greater Fall River Real Estate market had some bright spots!

Here is some real estate market data describing the housing market in the Greater Fall River area during the whole year 2011 and how it compares to the 2010 activity. The data is from the MLS and includes Fall River, Somerset, Swansea, Dartmouth, Westport, Freetown, Berkley, Dighton and Tiverton, RI.

 

1013 single family homes sold in the Greater Fall River area during 2011 at an average sale price of $261,560 and median price of $220,000. For all of 2010, 969 single family homes sold with an average sales price of $264,078 and median price of $234,000.

 

So, when comparing 2011 to 2010, 5% more single family homes were sold this year. The average price paid for those homes was just 1% lower than last year, and the median price paid was 6% less.

 

On January 1, 2011 there were 969 single family homes on the market in thishomes for sale Fall River MA Greater Fall River market. This year on January 1, 2012, 1013 single family homes are on the market. The median asking price for these single family homes is 220,000, as compared to a year ago when the median asking price was $234,000.

 

What does all this mean? Greater inventory starting off 2012, along with lower asking prices, and the current historically low interest rates, make this an excellent time to be buying a single family home in the Greater Fall River area!

 

To see the market analysis for each of the communities in the Greater Fall River numbers above or to learn more about the Greater Fall RiverMA area, visit my website at

www.stevew-homes.com

or contact me directly at 508-558-8035.

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