Real Estate Market Report Somerville, MA 02143 May 2014

By
Real Estate Agent Noune Karapetian 9522039

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.

Buyers and investors who have are serious about the Real Estate Market in 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

RE Price Trends Somerville MA 02143 May 2014Understanding 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

 

RE Inventory Trends Somerville MA 02143 May 2014The 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

For complete details about all the available Real Estate in Somerville, MA and surrounding towns in Metro Boston area follow the link to get the most current Somerville Real Estate information.

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

Search entire Massachusetts MLS for FREE
Get a FREE report on YOUR Home's Value
Like Us on Facebook

Posted by

 Noune & Allen Photo

Noune Karapetian - Cell - (617) 256-7099
Allen Babroudi - Cell - (617) 256-7102
www.MaFindHomes.com
Email
:  MaFindHomes@gmail.com
Century 21 Adams KC
75 Park Avenue, Arlington, MA  02476
Like us on Facebook!

Facebook Logo
Call Noune or Allen - We are your Real Estate Partners

All original text, video, and photo content are the exclusive property of MaFindHomes.com, and it may not be used without expressed written permission. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed for its accuracy. We recommend to all buyers and sellers that any information of special interest be obtained through independent verification. All measurements are approximate.   

Comments (1)

Bruce Swedal
Denver, CO
Denver Real Estate

Thanks for shedding light on this interesting and active community. Great work!

Jun 03, 2014 01:40 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?