The Stoughton MA real estate market is hot, hot, HOT!  According to the MLS Property Information Network, we haven't seen numbers this great since 2007...and they're only getting better.

The Stoughton MA real estate 2013 year in review showed that a total of 266 homes were sold.  That's a whopping 33% more than the previous year's total.  It is also the highest amount of homes sold in Stoughton MA in a single year for the last decade, including our "boom" years of the early 2000's.  That just proves how attractive the Stoughton MA community is to home buyers.

The average sale price for a Stoughton MA home continued to increase for the third year in a row.  The $312,198 average sell price for 2013 was 15% higher than the previous year's $271,640.  The types of homes sold ranged from a 3 bed/1 bath Cape style 1176 square foot property that sold for $50,000 all the way up to a 4 bed/2.5 bath 3478 square foot Colonial that sold for $580,000.

The average days a Stoughton MA home was on the market before it sold in 2013 was 73, a 22% decrease over the prior year's 94 DOM.  Another important statistic to keep in mind is that the average list-price-to-sell-price ratio for 2013 also went up slightly: from 97% to 98%.  That means that homes are selling closer to the list price than they did the year before. 

Unlike the West, home sales in the Northeast region of the US were strong last year and they are only expected to go higher as demand for homes increases.  Even with its increase in average price, Stoughton MA real estate continues to be an affordable option for Boston commuters.  So, make sure you and your Stoughton MA Buyer Broker do your homework to determine a strong price before you make an offer.

*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.

Christine Smith, Buyers Brokers Only LLC - Your Exclusive Buyer Agent in Norfolk County MA