February was a great month for sales in Medway. There were 12 single family homes that sold or went under agreement in February. They ranged in price from a sale price of $152,500 for a home on West Street to a home that went under agreement at a list price of $369,900 on Howe St. It should be noted there is one other home that is still marked as active (they’re looking for back up offers) that has an offer accepted in Feb at a list price of $619,900. So the true range of homes under contract in Medway for Feb is from $152,500 - $619,900
As of March 3, there are 48 single family homes listed for sale from $109,900 on Village Street to new construction at Applegate Farm (on Ellis Street) listed at $1,100,000
48 Homes on the market is extremely low - By my calculation it’s less than 50% of what we should expect in May. If you’re selling your home - this is GREAT - Less Competition! Get your home on the market quickly and benefit from the low inventory!
If you're thinking of selling your home in Metrowest, call me for a complementary market analysis of your home and I’ll answer any questions you may have about the market in Medway, or the home selling process in 2012.
For more detail on the homes that have sold and for the list of homes on the market, visit my Medway Real Estate Market Site.
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