Real Estate Market Report West Somerville, MA 02144 May 2014
West Somerville, MA (02144) Real Estate is still in a seller's market. This will continue for remainder of 2014 due to lack of available housing and low interest rates. Like all the real estate market in Boston area suburbs. If you find the ideal home for you, be prepared to write an offer quickly or accept the possibility you will lose the home to another buyer.
Buyers and investors who have are serious about the Real Estate Market in West Somerville, MA in May 2014 should now have enough facts to get them started on their real estate journey in this community.
Price Trends - Sold vs. Listed
Understanding the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you will have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month. Some sales are not immediately available from public records. As they become available, the data are updated.
Market Inventory Trends
The number of active listings in West Somerville (02144) increased by 25% from the previous month. The median number of days active properties have been listed is 30. This is significantly shorter than the national average. The Median Listing Price for homes and condos in West Somerville, MA in April of 2014 was $607,360. There are 24 Active listing.
The data provided in this report is from Market Insider (MI) published by Market Leader. MI consolidates data from multiple sources and includes current listings, recent sales and more. Whether you are a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.
Free Community and Demographic Reports for West Somerville, MA
Gain valuable insight into the City of Somerville, MA by looking at household incomes, crime risk, education levels attained of residence, and weather. Use the map to locate points of interest like shopping, restaurants, and health care services. To get more information on Newton Public School system on our website for School Report.
Your West Somerville, MA Real Estate Specialist
For complete details about all the available Real Estate in West Somerville, MA and surrounding towns in Metro Boston area follow the link to get the most current West Somerville Real Estate information.
When you are ready to buy or sell West Somerville real estate, let us put our experience and expertise to work for you. We stand ready to assist with all your West Somerville, MA residential needs and look forward to earning your trust and business.
Provided courtesy of Noune Karapetian & Allen Babroudi
Century 21 Adams KC
We Help you find your next home
Call or text Noune (617) 256-7097 or Allen (617)256-7102
for information on Buyer's Representation Services