The Trend in Home Prices in East Bridgewater MA in January 2012 – Improving, or...?
Prices of single family homes in East Bridgewater MA in January 2012 on average have been rising in recent months! Home prices in January 2012 on average are up 17.4% compared to January 2011, and they are up 18.1% since July of 2011.
The average listing price of single family homes for sale in East Bridgewater MA in January 2012 is $321,150, up 22.3% from a month ago. Compare this to the current median sales price of $290,000 - 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 East Bridgewater MA over the past 5 years through January 2012:
However, the number of single family homes sold per month in January 2012 in East Bridgewater MA has decreased 31.2% from the average over the last 12 months.
Below is a chart of the trend in the number of monthly settlements of single family homes sold in East 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 East Bridgewater MA, you better not mess around too much. Mortgage rates are at historical lows, and while sales of homes is down, 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 East 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.