Brighton MA Condos Recent Sales
The Brighton MA condo market is hot, with multiple offers and over asking sale prices common. Here are some recent statistics.
Statistics from Past Six Months: 9/14/2012-3/14/2013
Number of condos sold: 104
Average Days on Market: 57
Median Price: $271,000
Average Price: $324,000
Currently there are 31 pending sales
There are 31 active condo listings as of today, March 14th, 2013, in Brighton MA. There are less than two months of inventory on the market. What does this mean? If no new listings came on market, it would take two months to sell the 31 condos on market today.
Two months of inventory is considered a pretty tight market. Lower than three months worth of inventory is low, and indicative of prices pushed up further.
What to Expect in the Coming Months?
If you are thinking of selling your condo, now is an excellent time. Low inventory is a home seller's best friend. Waiting for prices to go up may work against you if the market is flooded with condos next year. Investors and first time home buyers alike are hungry for Brighton MA condos and ready to pay top dollar when the right condo comes along.