It would appear that the Stoughton MA home sales market is continuing its hot streak into April 2014. Sales prices are up slightly from last year while the average days a home spends on the market before it closes is significantly down. This is good news for buyers. Let's talk numbers.
A total of 16 Stoughton MA homes were sold in April 2014. While this was down 15.8% from the same time last year (19 homes sold in April 2013), the average sales price went up 7.4% (from $287,936 in April 2013 to $309,302 in April 2014). Some homes even sold for at or slightly above the listing price. The types of Stoughton MA homes that sold in April 2014 ranged from a 2 bed/1 bath 1320 square foot Bungalow that sold for just over listing at $101,000 after just five days on market to a 4 bed/2.5 bath 3373 square foot Contemporary waterfront home that sold for $527,500.
Sure, Stoughton MA home prices have gone up slightly. But the average days on market has decreased dramatically, from 130 days in April 2013 to a mere 54 days in April 2014. The list-price-to-sale-price ratio has increased slightly as well (from 97% in 2013 to 98% in 2014).
What does all this mean for you, the Stoughton MA home buyer? It means that there is a bit of competition to be a part of the Stoughton MA community. When you find the perfect home for your needs, you will want to be ready to pounce on it before someone else gets it. Luckily, there won't be a prolonged wait to get into it once you do find it. Get your finances in order, get pre-approved for a home loan so you can make a great impression about how serious you are to the seller and contact your Stoughton MA Buyer Broker to help you find your next home now.
*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.