The Trend in Home Prices in Bridgewater MA in January 2012 – Improving, or...?
Prices of single family homes in Bridgewater MA in January 2012 on average have been rising in recent months! While home prices on average are down 7.9% compared to January 2011, and they are up 4.4% since July of 2012.
The current average listing price of single family homes for sale in Bridgewater MA is $273,746, up 4.3% from a month ago. Compare this to the current median sales price of $275,000 - where half of sales are above this amount and half below it.
Below is a chart of the trend of median sales prices of single family homes sold in Bridgewater MA over the past 5 years through January 2012:
In addition, the number of single family homes sold per month in Bridgewater MA has increased 22.2% over the last 12 months.
Below is a chart of the trend in the number of monthly settlements of single family homes sold in Bridgewater MA over the past 5 years through January 2012:
So what does all this mean? Well, if you're looking for a home in Bridgewater MA, you better not mess around too much. Mortgage rates are at historical lows, and both sales of homes and prices of homes are up.
You can still buy a home with no money down with a VA Loan or with 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 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 MA or in the surrounding area.
Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, when you're looking to get pre-approved for a purchase of your next home. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.