January is traditionally a slow month in Stoughton MA real estate. For home buyers, January 2014 is a mix of ups (home sales) and downs (home prices). Any way you look at it, Stoughton MA homes are a hot commodity.
Home sales continue to rise. A total of 16 homes were sold in Stoughton MA in January 2014, marking the highest January total in the last five years. That's a 33% increase over last January and a 129% increase over January 2012.
Sales prices for Stoughton MA homes have fallen slightly, with the average price of a home sold coming in at $262,811. While that is 11% lower than the $295,142 average in January 2013, it is still higher than 2011 or 2012. The majority of homes sold in January 2014 were within the extremely affordable $150,000 to $350,000 range. The average days a Stoughton MA home spent on the market decreased dramatically from last year (going from 90 in 2013 to just 63 in 2014). There was also a decrease in the list price to sale price ratio (from 99% in 2013 to 95% in 2014).
This is great news for anyone interested in buying a Stoughton MA home. Sure, prices have gone down, but they are not expected to stay down for long. Buyer demand is high. If you're interested in purchasing your dream home soon, please contact your Stoughton MA Buyer Broker now. I've got the experience and know-how to help you navigate the Stoughton MA real estate market.
*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.