Real Estate Market Report Somerville, MA 02143 May 2014
Somerville, MA (02143) 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.
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 Somerville (02143) dropped by 15.4% from the previous month. The median number of days active properties have been listed is 11. This is significantly shorter than the national average. The Median Listing Price for homes and condos in Somerville, MA in April of 2014 was $530,250. There are 20 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 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 Somerville, MA Real Estate Specialist
When you are ready to buy or sell Somerville real estate, let us put our experience and expertise to work for you. We stand ready to assist with all your 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